Swiss National Bank acquired a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 201,222 shares of the technology company's stock, valued at approximately $6,091,000. Swiss National Bank owned 0.12% of Millicom International Cellular as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in TIGO. State of Wyoming purchased a new position in shares of Millicom International Cellular in the fourth quarter valued at $49,000. Wells Fargo & Company MN boosted its stake in shares of Millicom International Cellular by 72.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after purchasing an additional 2,055 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Millicom International Cellular by 65.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company's stock valued at $190,000 after purchasing an additional 2,489 shares during the period. EWA LLC purchased a new position in shares of Millicom International Cellular in the first quarter valued at $201,000. Finally, Spinnaker Trust purchased a new position in shares of Millicom International Cellular in the first quarter valued at $212,000.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wall Street Zen cut shares of Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. Scotiabank upped their price target on shares of Millicom International Cellular from $37.00 to $46.10 and gave the company a "sector perform" rating in a report on Tuesday. Finally, Zacks Research raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.43.
Read Our Latest Report on TIGO
Millicom International Cellular Stock Performance
Shares of NASDAQ:TIGO traded up $0.4950 on Friday, reaching $46.7550. 286,377 shares of the company's stock were exchanged, compared to its average volume of 921,032. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 8.24 and a beta of 1.04. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $46.95. The business's 50-day moving average is $39.78 and its two-hundred day moving average is $34.21. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 1.59.
Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.40 billion. As a group, equities research analysts forecast that Millicom International Cellular SA will post 1.91 EPS for the current year.
Millicom International Cellular Company Profile
(
Free Report)
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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