Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Update

Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,780,000 shares, a growth of 29.0% from the March 15th total of 1,380,000 shares. Currently, 1.8% of the company's shares are sold short. Based on an average daily trading volume, of 778,000 shares, the short-interest ratio is presently 2.3 days.

Millicom International Cellular Stock Up 2.1 %

Shares of Millicom International Cellular stock traded up $0.68 on Thursday, hitting $33.18. The company had a trading volume of 461,083 shares, compared to its average volume of 332,503. The stock has a 50-day moving average of $28.98 and a 200-day moving average of $27.17. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. Millicom International Cellular has a twelve month low of $19.95 and a twelve month high of $33.32. The firm has a market capitalization of $5.71 billion, a P/E ratio of 35.26 and a beta of 0.90.

Millicom International Cellular Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.75 per share. This represents a yield of 3.9%. The ex-dividend date was Tuesday, April 8th. Millicom International Cellular's dividend payout ratio (DPR) is presently 202.70%.

Institutional Trading of Millicom International Cellular

A number of institutional investors have recently modified their holdings of the company. Brandes Investment Partners LP grew its stake in shares of Millicom International Cellular by 1.5% during the 4th quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock worth $114,402,000 after acquiring an additional 68,061 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new position in shares of Millicom International Cellular in the 4th quarter valued at about $60,306,000. LB Partners LLC increased its position in shares of Millicom International Cellular by 1.4% in the fourth quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock valued at $12,978,000 after acquiring an additional 7,000 shares during the last quarter. Park West Asset Management LLC bought a new stake in Millicom International Cellular during the fourth quarter worth about $6,165,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Millicom International Cellular by 47.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock valued at $3,993,000 after purchasing an additional 51,620 shares during the last quarter.

Wall Street Analyst Weigh In

TIGO has been the topic of several research reports. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Scotiabank raised their target price on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a report on Friday, February 28th. Barclays cut their price target on shares of 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, HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a report on Wednesday, January 22nd. Two equities research 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. According to data from MarketBeat, Millicom International Cellular has an average rating of "Moderate Buy" and a consensus price target of $35.65.

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.