Millicom International Cellular SA (MIICF) Given Average Recommendation of “Strong Buy” by Brokerages
Millicom International Cellular SA (NASDAQ:MIICF) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also given Millicom International Cellular SA an industry rank of 46 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Millicom International Cellular SA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
Millicom International Cellular SA (NASDAQ MIICF) traded up 2.59% during mid-day trading on Friday, hitting $71.40. 10,631 shares of the stock were exchanged. Millicom International Cellular SA has a 52-week low of $38.75 and a 52-week high of $74.50. The stock’s 50 day moving average is $63.35 and its 200 day moving average is $58.39. The stock’s market cap is $7.18 billion.
Millicom International Cellular SA (NASDAQ:MIICF) last announced its earnings results on Wednesday, July 19th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.21). Millicom International Cellular SA had a negative net margin of 5.63% and a negative return on equity of 5.10%. The firm had revenue of $1.05 billion during the quarter. Analysts forecast that Millicom International Cellular SA will post $1.25 EPS for the current fiscal year.
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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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