Millicom International Cellular S.A. (NASDAQ:TIGO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.65.

Several equities analysts recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 target price for the company. Barclays cut their price objective on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, April 3rd. HSBC upgraded Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a research report on Wednesday, January 22nd. Scotiabank raised their price target on Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their price objective on Millicom International Cellular from $33.00 to $41.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd.

Institutional Trading of Millicom International Cellular

A number of institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC raised its stake in shares of Millicom International Cellular by 4.7% in the first quarter. Cerity Partners LLC now owns 11,208 shares of the technology company's stock valued at $339,000 after acquiring an additional 508 shares during the period. Envestnet Asset Management Inc. grew its holdings in Millicom International Cellular by 26.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 133,732 shares of the technology company's stock valued at $4,048,000 after purchasing an additional 28,284 shares during the last quarter. LB Partners LLC raised its position in Millicom International Cellular by 0.4% in the 1st quarter. LB Partners LLC now owns 520,923 shares of the technology company's stock worth $15,907,000 after purchasing an additional 2,000 shares during the period. Bank of New York Mellon Corp bought a new stake in Millicom International Cellular in the first quarter worth about $1,130,000. Finally, Calamos Advisors LLC bought a new stake in Millicom International Cellular in the first quarter worth about $642,000.

Millicom International Cellular Price Performance

TIGO stock traded down $0.91 during midday trading on Friday, hitting $33.64. The company's stock had a trading volume of 165,686 shares, compared to its average volume of 344,629. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 35.77 and a beta of 0.90. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. Millicom International Cellular has a 12 month low of $20.39 and a 12 month high of $34.68. The company has a 50 day moving average of $29.69 and a two-hundred day moving average of $27.41.

Millicom International Cellular Dividend Announcement

The business also recently announced an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were given 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 202.70%.

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.