Millicom International Cellular SA (NASDAQ:TIGO - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $83.43 and traded as high as $86.89. Millicom International Cellular shares last traded at $86.76, with a volume of 1,317,620 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on TIGO shares. UBS Group raised their price target on shares of Millicom International Cellular from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Scotiabank boosted their price objective on shares of Millicom International Cellular from $52.40 to $60.10 and gave the stock a "sector underperform" rating in a report on Friday, August 7th. JPMorgan Chase & Co. cut shares of Millicom International Cellular from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $100.00 to $105.00 in a research report on Tuesday, August 18th. Weiss Ratings upgraded Millicom International Cellular from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada set a $105.00 target price on Millicom International Cellular in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $85.68.
View Our Latest Analysis on TIGO
Millicom International Cellular Stock Up 4.2%
The firm's 50 day simple moving average is $87.23 and its 200 day simple moving average is $83.43. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 25.67 and a beta of 1.00. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07.
Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.40). Millicom International Cellular had a return on equity of 18.39% and a net margin of 9.19%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The firm's quarterly revenue was up 60.8% compared to the same quarter last year. Sell-side analysts anticipate that Millicom International Cellular SA will post 2.41 EPS for the current fiscal year.
Institutional Trading of Millicom International Cellular
Several hedge funds and other institutional investors have recently modified their holdings of the business. Cullen Capital Management LLC purchased a new stake in shares of Millicom International Cellular during the 2nd quarter worth about $71,258,000. Bank of New York Mellon Corp acquired a new position in shares of Millicom International Cellular in the second quarter valued at $45,791,000. Renaissance Technologies LLC lifted its position in Millicom International Cellular by 18.9% in the first quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company's stock worth $41,201,000 after purchasing an additional 87,400 shares during the period. Sei Investments Co. lifted its position in Millicom International Cellular by 31.7% in the first quarter. Sei Investments Co. now owns 546,999 shares of the technology company's stock worth $40,990,000 after purchasing an additional 131,580 shares during the period. Finally, Amundi boosted its stake in Millicom International Cellular by 120.8% during the first quarter. Amundi now owns 529,936 shares of the technology company's stock worth $39,713,000 after buying an additional 289,913 shares in the last quarter.
About Millicom International Cellular
(
Get Free Report)
Millicom International Cellular is a telecommunications company that serves consumers, households and businesses in Latin America under the Tigo brand. Its services include mobile voice and data, fixed broadband and pay television.
The company also provides digital and enterprise services, including connectivity and related technology solutions for businesses. Its operations span multiple Latin American markets, with offerings tailored to local consumer and business needs.
Founded in 1990, Millicom has developed from an international mobile operator into a provider of integrated telecommunications and digital services.
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