10,000 Shares in Millicom International Cellular S.A. (NASDAQ:TIGO) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG purchased a new position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,000 shares of the technology company's stock, valued at approximately $248,000.

Several other large investors also recently modified their holdings of the stock. Brandes Investment Partners LP boosted its holdings in Millicom International Cellular by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock worth $114,402,000 after buying an additional 68,061 shares during the period. LB Partners LLC boosted its holdings in Millicom International Cellular by 1.4% in the 4th quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock worth $12,978,000 after buying an additional 7,000 shares during the period. Park West Asset Management LLC bought a new position in Millicom International Cellular in the 4th quarter worth approximately $6,165,000. Charles Schwab Investment Management Inc. boosted its holdings in Millicom International Cellular by 47.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock worth $3,993,000 after buying an additional 51,620 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Millicom International Cellular by 1.0% in 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

NASDAQ:TIGO traded up $0.07 during trading hours on Friday, hitting $36.89. The stock had a trading volume of 604,919 shares, compared to its average volume of 381,509. Millicom International Cellular S.A. has a one year low of $22.59 and a one year high of $37.31. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 39.25 and a beta of 1.03. The company has a 50 day simple moving average of $32.01 and a two-hundred day simple moving average of $28.33.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $0.54 EPS. The firm's revenue was down 7.6% compared to the same quarter last year. 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 business also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.75 per share. This represents a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 8th. Millicom International Cellular's dividend payout ratio is currently 144.23%.

Analyst Ratings Changes

TIGO has been the subject of several analyst reports. Scotiabank raised their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a report on Friday, February 28th. Barclays cut their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. Morgan Stanley started coverage on shares of Millicom International Cellular in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price target for the company. UBS Group raised their price target on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.73.

About Millicom International Cellular

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.