Shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $37.05 and last traded at $36.74, with a volume of 463823 shares changing hands. The stock had previously closed at $36.85.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Millicom International Cellular from $33.00 to $41.00 and gave the stock an "overweight" rating in a research report on Thursday, April 3rd. UBS Group lifted their target price on shares of Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research report on Friday, May 16th. Scotiabank increased their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research report on Friday, February 28th. Hsbc Global Res upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley initiated coverage on Millicom International Cellular in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 target price on the stock. Two 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, Millicom International Cellular has a consensus rating of "Moderate Buy" and a consensus target price of $36.73.
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Millicom International Cellular Stock Performance
The company has a market capitalization of $6.32 billion, a PE ratio of 39.09 and a beta of 1.03. The stock's fifty day simple moving average is $31.64 and its 200-day simple moving average is $28.12. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66.
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 for the quarter, beating 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The company's revenue was down 7.6% on a year-over-year basis. As a group, equities analysts predict that Millicom International Cellular S.A. will post 1.91 earnings per share for the current year.
Millicom International Cellular Announces Dividend
The firm also recently declared an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were paid 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 presently 144.23%.
Institutional Investors Weigh In On Millicom International Cellular
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dodge & Cox purchased a new stake in Millicom International Cellular in the 1st quarter valued at about $263,401,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Millicom International Cellular by 5,033.3% during 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 period. Boston Partners acquired a new stake in shares of Millicom International Cellular in the first quarter worth approximately $73,286,000. Southeastern Asset Management Inc. TN acquired a new stake in shares of Millicom International Cellular in the fourth quarter worth approximately $60,306,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Millicom International Cellular in the first quarter valued at approximately $50,664,000.
About Millicom International Cellular
(
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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.
Further Reading
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