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Millicom International Cellular SA (NASDAQ:MIICF) was downgraded by investment analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a note issued to investors on Monday, reports.

Separately, analysts at Morgan Stanley downgraded shares of Millicom International Cellular SA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $590.00.

Millicom International Cellular SA (NASDAQ:MIICF) opened at 100.20 on Monday. Millicom International Cellular SA has a 52 week low of $70.05 and a 52 week high of $106.00. The stock has a 50-day moving average of $102.6 and a 200-day moving average of $96.43. The company has a market cap of $10.004 billion and a P/E ratio of 44.12.

Millicom International Cellular SA (NASDAQ:MIICF) last announced its earnings results on Tuesday, February 11th. The company reported $0.96 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.38 by $0.42. On average, analysts predict that Millicom International Cellular SA will post $5.03 earnings per share for the current fiscal year.

Millicom International Cellular SA, formerly Millicom, is a global telecommunications company with mobile telephony operations.

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