55,538 Shares in Millicom International Cellular SA $TIGO Purchased by Amundi

Key Points

• Amundi has invested approximately $1.69 million in Millicom International Cellular SA by acquiring 55,538 shares during the first quarter, indicating increasing interest from institutional investors in the company.
• Research analysts have mixed ratings on Millicom, with Zacks upgrading it to a "strong-buy" while others, like UBS Group, have lowered their ratings but raised target prices, reflecting a cautious yet optimistic outlook.
• Millicom reported earnings of $0.51 per share for the last quarter, missing the consensus estimate, and had a revenue of $1.37 billion—below the expected $1.40 billion, highlighting ongoing challenges in financial performance.

Amundi bought a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 55,538 shares of the technology company's stock, valued at approximately $1,694,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners purchased a new position in shares of Millicom International Cellular in the 1st quarter worth approximately $73,286,000. Teacher Retirement System of Texas purchased a new position in shares of Millicom International Cellular in the 1st quarter worth approximately $1,402,000. KBC Group NV purchased a new position in shares of Millicom International Cellular in the 1st quarter worth approximately $233,000. CWA Asset Management Group LLC boosted its holdings in shares of Millicom International Cellular by 34.3% in the 1st quarter. CWA Asset Management Group LLC now owns 12,307 shares of the technology company's stock worth $373,000 after purchasing an additional 3,141 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Millicom International Cellular in the 1st quarter worth approximately $1,648,000.

Millicom International Cellular Stock Down 0.5%

NASDAQ TIGO traded down $0.24 during trading on Thursday, hitting $48.06. The company's stock had a trading volume of 914,025 shares, compared to its average volume of 1,110,190. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.89 and a quick ratio of 0.87. The company has a market cap of $8.27 billion, a PE ratio of 8.48 and a beta of 1.09. The business's 50 day simple moving average is $44.10 and its 200-day simple moving average is $37.12. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $50.78.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%. On average, equities analysts anticipate that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TIGO. Scotiabank lifted their target price on Millicom International Cellular from $37.00 to $46.10 and gave the stock a "sector perform" rating in a report on Tuesday, August 19th. Zacks Research upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. UBS Group cut Millicom International Cellular from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $39.50 to $49.00 in a report on Thursday, September 11th. Wall Street Zen cut Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Millicom International Cellular from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Millicom International Cellular has an average rating of "Moderate Buy" and an average target price of $42.02.

Millicom International Cellular Company Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.