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Millicom International Cellular SA (NASDAQ:MIICF) was downgraded by Carnegie from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Shares of Millicom International Cellular SA (NASDAQ:MIICF) opened at 92.77 on Thursday. Millicom International Cellular SA has a one year low of $70.05 and a one year high of $106.00. The stock’s 50-day moving average is $96.06 and its 200-day moving average is $98.71. The company has a market cap of $9.277 billion and a P/E ratio of 4.03.

Millicom International Cellular SA (NASDAQ:MIICF) last released its earnings data on Tuesday, May 20th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.07 by $0.46. Analysts expect that Millicom International Cellular SA will post $4.55 EPS for the current fiscal year.

Separately, 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. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $590.00.

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

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