Millicom International Cellular SA (MIICF) Issues Quarterly Earnings Results
Millicom International Cellular SA (NASDAQ:MIICF) issued its earnings results on Wednesday. The technology company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.21, Morningstar.com reports. Millicom International Cellular SA had a return on equity of 2.39% and a net margin of 1.82%. The company had revenue of $1.05 billion during the quarter.
Shares of Millicom International Cellular SA (NASDAQ MIICF) traded down 5.01% on Thursday, reaching $59.56. The company had a trading volume of 5,406 shares. The firm’s market cap is $5.99 billion. Millicom International Cellular SA has a one year low of $38.75 and a one year high of $62.86. The company has a 50-day moving average price of $58.74 and a 200-day moving average price of $54.67.
Separately, Zacks Investment Research cut Millicom International Cellular SA from a “hold” rating to a “strong sell” rating in a research note on Friday, May 5th.
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Millicom International Cellular SA Company Profile
Millicom International Cellular SA is an international telecommunications and media company. The Company is engaged in providing digital lifestyle services in various markets, through mobile and fixed telephony, cable, broadband and television. Its segments include Latin America and Africa. It operates its mobile businesses in Central America (El Salvador) and in Africa (Chad, Ghana, Rwanda, Senegal and Tanzania).
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