Millicom International Cellular (NASDAQ:TIGO) Sets New 52-Week High at $23.48

Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.48 and last traded at $23.44, with a volume of 107628 shares changing hands. The stock had previously closed at $22.85.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. New Street Research raised shares of Millicom International Cellular from a "neutral" rating to a "buy" rating and increased their price target for the company from $20.00 to $24.00 in a research report on Thursday, February 29th. HSBC lifted their price target on shares of Millicom International Cellular from $22.50 to $24.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upgraded Millicom International Cellular from a "neutral" rating to an "overweight" rating in a report on Thursday, March 28th. Finally, Scotiabank boosted their target price on Millicom International Cellular from $18.00 to $26.10 and gave the stock a "sector outperform" rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Millicom International Cellular currently has a consensus rating of "Moderate Buy" and an average price target of $24.70.

Millicom International Cellular Stock Up 2.5 %

The stock has a market capitalization of $2.38 billion, a PE ratio of 469.20 and a beta of 1.13. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.86 and a quick ratio of 0.84. The business's fifty day moving average price is $20.05 and its two-hundred day moving average price is $18.10.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The technology company reported ($0.36) earnings per share (EPS) for the quarter. Millicom International Cellular had a return on equity of 0.08% and a net margin of 0.12%. The firm had revenue of $1.48 billion during the quarter.

Hedge Funds Weigh In On Millicom International Cellular

Large investors have recently made changes to their positions in the company. LWM Advisory Services LLC increased its holdings in Millicom International Cellular by 152.7% in the fourth quarter. LWM Advisory Services LLC now owns 29,422 shares of the technology company's stock valued at $530,000 after buying an additional 17,779 shares in the last quarter. LB Partners LLC purchased a new position in Millicom International Cellular during the fourth quarter worth approximately $9,000,000. Schonfeld Strategic Advisors LLC acquired a new stake in Millicom International Cellular in the third quarter valued at approximately $627,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Millicom International Cellular by 1.7% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 93,292 shares of the technology company's stock valued at $1,441,000 after buying an additional 1,550 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position in shares of Millicom International Cellular by 28.7% in the third quarter. Brandes Investment Partners LP now owns 4,394,992 shares of the technology company's stock valued at $67,903,000 after buying an additional 981,159 shares in the last quarter.

About Millicom International Cellular

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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