Shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.23.
Several research firms have issued reports on TIGO. JPMorgan Chase & Co. increased their target price on Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. UBS Group increased their target price on Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen downgraded Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Barclays dropped their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 3rd. Finally, Scotiabank increased their target price on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research report on Friday, February 28th.
Get Our Latest Stock Report on TIGO
Millicom International Cellular Stock Up 1.6%
TIGO traded up $0.59 during midday trading on Friday, reaching $37.68. 597,854 shares of the company were exchanged, compared to its average volume of 412,445. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The company's fifty day moving average price is $34.13 and its 200 day moving average price is $29.41. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 40.09 and a beta of 1.08. Millicom International Cellular has a one year low of $22.59 and a one year high of $38.50.
Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company's revenue was down 7.6% compared to the same quarter last year. As a group, analysts expect that Millicom International Cellular will post 1.91 EPS for the current year.
Millicom International Cellular Dividend Announcement
The company also recently declared an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were issued a $0.75 dividend. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular's payout ratio is currently 144.23%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Militia Capital Partners LP bought a new position in Millicom International Cellular in the first quarter valued at $908,000. Acadian Asset Management LLC bought a new position in Millicom International Cellular in the first quarter valued at $819,000. Jane Street Group LLC bought a new position in Millicom International Cellular in the first quarter valued at $928,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Millicom International Cellular in the first quarter valued at $8,504,000. Finally, Goldman Sachs Group Inc. bought a new position in Millicom International Cellular in the first quarter valued at $50,664,000.
About Millicom International Cellular
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Get Free ReportMillicom 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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