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Millicom International Cellular SA (NASDAQ:MIICF) announced its earnings results on Tuesday. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by $0.46, AnalystRatings.Net reports.

A number of research firms have recently commented on MIICF. Analysts at Berenberg Bank downgraded shares of Millicom International Cellular SA from a “hold” rating to a “sell” rating in a research note on Monday, April 14th. 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 equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Millicom International Cellular SA has a consensus rating of “Hold” and an average price target of $590.00.

Millicom International Cellular SA (NASDAQ:MIICF) opened at 98.50 on Tuesday. Millicom International Cellular SA has a 1-year low of $70.05 and a 1-year high of $106.00. The stock’s 50-day moving average is $99.83 and its 200-day moving average is $98.34. The company has a market cap of $9.850 billion and a P/E ratio of 4.25.

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

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