Price T Rowe Associates Inc. MD Buys 29,730 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Price T Rowe Associates Inc. MD grew its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,680 shares of the technology company's stock after buying an additional 29,730 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.06% of Millicom International Cellular worth $2,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TIGO. Blue Trust Inc. increased its stake in shares of Millicom International Cellular by 69.5% in the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock valued at $102,000 after purchasing an additional 1,544 shares during the last quarter. Wells Fargo & Company MN raised its stake in Millicom International Cellular by 72.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock worth $122,000 after acquiring an additional 2,055 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Millicom International Cellular by 22.2% in the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock worth $176,000 after acquiring an additional 1,277 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Millicom International Cellular by 6.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock worth $227,000 after acquiring an additional 545 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Millicom International Cellular in the 4th quarter valued at approximately $229,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TIGO. Scotiabank increased their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. boosted their price target on Millicom International Cellular from $33.00 to $41.00 and gave the stock an "overweight" rating in a report on Thursday, April 3rd. HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a report on Wednesday, January 22nd. Morgan Stanley began coverage on shares of Millicom International Cellular in a report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 target price on the stock. Finally, Hsbc Global Res raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.65.

Millicom International Cellular Trading Down 1.6%

Shares of TIGO stock traded down $0.56 during mid-day trading on Monday, hitting $34.29. The company's stock had a trading volume of 145,793 shares, compared to its average volume of 361,021. The company has a market cap of $5.90 billion, a PE ratio of 36.38 and a beta of 1.03. 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 simple moving average is $30.67 and its 200-day simple moving average is $27.73. Millicom International Cellular S.A. has a 52 week low of $22.59 and a 52 week high of $35.50.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.45 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The company's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. As a group, equities research analysts expect that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular's dividend payout ratio is currently 144.23%.

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.