California State Teachers Retirement System Raises Position in Millicom International Cellular SA $TIGO

California State Teachers Retirement System increased its position in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,966 shares of the technology company's stock after purchasing an additional 1,412 shares during the period. California State Teachers Retirement System owned 0.07% of Millicom International Cellular worth $10,343,554 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Millicom International Cellular by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 866 shares of the technology company's stock worth $65,000 after purchasing an additional 139 shares in the last quarter. Triumph Capital Management raised its holdings in shares of Millicom International Cellular by 3.0% in the 2nd quarter. Triumph Capital Management now owns 5,170 shares of the technology company's stock worth $469,000 after purchasing an additional 151 shares during the period. Altshuler Shaham Ltd grew its holdings in Millicom International Cellular by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 633 shares of the technology company's stock worth $47,000 after acquiring an additional 170 shares in the last quarter. Versant Capital Management Inc raised its stake in Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company's stock valued at $27,000 after acquiring an additional 269 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Millicom International Cellular by 39.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the technology company's stock worth $105,000 after acquiring an additional 328 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $105.00 target price (up from $100.00) on shares of Millicom International Cellular in a research note on Tuesday, August 18th. Zacks Research upgraded shares of Millicom International Cellular from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Scotiabank lifted their price target on Millicom International Cellular from $52.40 to $60.10 and gave the stock a "sector underperform" rating in a research note on Friday, August 7th. Weiss Ratings cut shares of Millicom International Cellular from a "buy (a-)" rating to a "buy (b)" rating in a report on Friday, August 21st. Finally, Royal Bank Of Canada set a $105.00 target price on shares of Millicom International Cellular in a research note on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Millicom International Cellular presently has a consensus rating of "Hold" and a consensus price target of $85.68.

Millicom International Cellular Stock Up 0.1%

TIGO stock traded up $0.10 during trading on Tuesday, reaching $95.53. The stock had a trading volume of 457,393 shares, compared to its average volume of 1,451,670. Millicom International Cellular SA has a 1-year low of $44.88 and a 1-year high of $107.13. The company has a market capitalization of $16.14 billion, a P/E ratio of 24.12 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. The firm has a fifty day moving average price of $94.96 and a 200 day moving average price of $86.21.

Millicom International Cellular Company Profile

Millicom International Cellular SA is a telecommunications and digital services company that operates under the Tigo brand. The company provides mobile voice and data services, fixed broadband, pay television and other connectivity solutions to consumers, businesses and institutions.

Millicom also offers digital products and services, including mobile financial services, digital payments, entertainment and cloud and information technology solutions. Through Tigo Business, it provides connectivity, communications and technology services designed for small businesses, large enterprises and government organizations.

The company serves customers in Latin America, with operations in Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Paraguay.

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