Millicom International Cellular SA (NASDAQ:TIGO) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Millicom International Cellular SA (NASDAQ:TIGO - Get Free Report) have earned an average rating of "Moderate Buy" from the nine research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $42.0167.

TIGO has been the topic of a number of research analyst reports. Wall Street Zen raised Millicom International Cellular from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 11th. Scotiabank raised their target price on Millicom International Cellular from $37.00 to $46.10 and gave the stock a "sector perform" rating in a research report on Tuesday, August 19th. Zacks Research lowered Millicom International Cellular from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Millicom International Cellular from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Millicom International Cellular in a research report on Wednesday, October 8th.

Millicom International Cellular Trading Up 1.7%

Shares of TIGO stock opened at $47.24 on Friday. The stock's fifty day moving average price is $47.29 and its two-hundred day moving average price is $39.77. The company has a market cap of $8.13 billion, a PE ratio of 8.33 and a beta of 1.11. Millicom International Cellular has a fifty-two week low of $23.61 and a fifty-two week high of $50.78. 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 (NASDAQ:TIGO - Get Free Report) last issued its earnings results 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). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. Equities analysts predict that Millicom International Cellular will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TIGO. CWA Asset Management Group LLC raised its position in shares of Millicom International Cellular by 34.3% in the 1st quarter. CWA Asset Management Group LLC now owns 12,307 shares of the technology company's stock worth $373,000 after acquiring an additional 3,141 shares in the last quarter. EWA LLC acquired a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $201,000. KBC Group NV acquired a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $233,000. Spinnaker Trust acquired a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $212,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $1,402,000.

Millicom International Cellular Company Profile

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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