Millicom International Cellular S.A. (NASDAQ:TIGO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Millicom International Cellular S.A. (NASDAQ:TIGO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $35.65.

TIGO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, April 3rd. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, January 22nd. Morgan Stanley started coverage on Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Hsbc Global Res raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Scotiabank lifted their target price on Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research report on Friday, February 28th.

Hedge Funds Weigh In On Millicom International Cellular

Hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP increased its stake in Millicom International Cellular by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company’s stock worth $114,402,000 after purchasing an additional 68,061 shares during the period. Southeastern Asset Management Inc. TN acquired a new position in shares of Millicom International Cellular in the fourth quarter valued at approximately $60,306,000. LB Partners LLC increased its stake in Millicom International Cellular by 0.4% during the 1st quarter. LB Partners LLC now owns 520,923 shares of the technology company’s stock worth $15,907,000 after buying an additional 2,000 shares during the period. Park West Asset Management LLC acquired a new stake in Millicom International Cellular during the 4th quarter worth approximately $6,165,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Millicom International Cellular by 47.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company’s stock worth $3,993,000 after buying an additional 51,620 shares in the last quarter.

Millicom International Cellular Stock Up 1.5 %

Shares of NASDAQ:TIGO opened at $34.54 on Friday. Millicom International Cellular has a 52-week low of $20.39 and a 52-week high of $34.68. The stock has a market cap of $5.94 billion, a P/E ratio of 36.75 and a beta of 0.90. The business has a fifty day moving average of $29.69 and a two-hundred day moving average of $27.41. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Millicom International Cellular Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were paid a $0.75 dividend. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular’s payout ratio is presently 202.70%.

Millicom International Cellular Company Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.