Lazard Asset Management LLC Has $1.15 Million Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

Lazard Asset Management LLC lifted its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,789 shares of the technology company's stock after purchasing an additional 18,059 shares during the quarter. Lazard Asset Management LLC's holdings in Millicom International Cellular were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Park West Asset Management LLC acquired a new stake in shares of Millicom International Cellular during the 4th quarter worth approximately $6,165,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Millicom International Cellular by 37.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 108,680 shares of the technology company's stock worth $2,720,000 after purchasing an additional 29,730 shares in the last quarter. BTG Pactual Asset Management US LLC grew its holdings in shares of Millicom International Cellular by 9.6% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 53,818 shares of the technology company's stock worth $1,336,000 after purchasing an additional 4,705 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Millicom International Cellular by 72.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock worth $122,000 after buying an additional 2,055 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Millicom International Cellular by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 154,661 shares of the technology company's stock worth $3,868,000 after buying an additional 1,500 shares during the period.

Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $36.85 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The firm has a market cap of $6.34 billion, a P/E ratio of 39.20 and a beta of 1.03. The business's fifty day moving average is $31.49 and its two-hundred day moving average is $28.06. Millicom International Cellular S.A. has a 52 week low of $22.59 and a 52 week high of $36.88.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.45 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The business's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities research analysts forecast that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were paid a $0.75 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, April 8th. Millicom International Cellular's dividend payout ratio is currently 144.23%.

Analyst Ratings Changes

Several equities analysts recently commented on TIGO shares. Hsbc Global Res upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research report on Friday. Barclays cut their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley started coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 target price for the company. Finally, Scotiabank raised their target price on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.73.

Millicom International Cellular 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.

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