RHS Financial LLC Acquires Shares of 7,416 Millicom International Cellular SA $TIGO

Key Points

• RHS Financial LLC has acquired 7,416 shares of Millicom International Cellular SA, valued at approximately $278,000, reflecting increased interest in the technology company's stock during the second quarter.
• Millicom reported earnings of $0.51 per share for its last quarter, which missed analysts' expectations, and the company's revenue fell short of projections at $1.37 billion.
• Analysts have mixed ratings on Millicom's stock, with Zacks downgrading it from "strong-buy" to "hold," while UBS raised its price target and several others assigned a "buy" or "moderate buy" rating.

RHS Financial LLC bought a new position in Millicom International Cellular SA (NASDAQ:TIGO - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,416 shares of the technology company's stock, valued at approximately $278,000.

A number of other large investors have also made changes to their positions in the stock. Dodge & Cox acquired a new stake in shares of Millicom International Cellular in the first quarter valued at approximately $263,401,000. Price T Rowe Associates Inc. MD increased its stake in shares of Millicom International Cellular by 5,033.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,578,894 shares of the technology company's stock worth $168,874,000 after acquiring an additional 5,470,214 shares during the last quarter. Swedbank AB purchased a new position in shares of Millicom International Cellular during the 1st quarter worth $85,909,000. Boston Partners purchased a new position in shares of Millicom International Cellular during the 1st quarter worth $73,286,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Millicom International Cellular during the 1st quarter valued at about $50,664,000.

Millicom International Cellular Stock Up 0.6%

Millicom International Cellular stock opened at $47.62 on Monday. The company has a market capitalization of $8.20 billion, a PE ratio of 8.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.87 and a current ratio of 0.89. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $50.78. The firm has a 50 day moving average price of $46.73 and a 200 day moving average price of $39.32.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Millicom International Cellular from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. UBS Group downgraded shares of Millicom International Cellular from a "buy" rating to a "neutral" rating and raised their price target for the stock from $39.50 to $49.00 in a report on Thursday, September 11th. Wall Street Zen upgraded Millicom International Cellular from a "buy" rating to a "strong-buy" rating in a report on Saturday. Weiss Ratings reissued a "buy (b)" rating on shares of Millicom International Cellular in a research note on Wednesday, October 8th. Finally, Scotiabank lifted their target price on Millicom International Cellular from $37.00 to $46.10 and gave the company a "sector perform" rating in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.02.

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.

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