Millicom International Cellular SA $TIGO Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,895,215 shares of the technology company’s stock after purchasing an additional 47,194 shares during the quarter. Barclays PLC’s holdings in Millicom International Cellular were worth $140,534,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Millicom International Cellular by 155.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after acquiring an additional 314 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Millicom International Cellular in the third quarter valued at approximately $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Millicom International Cellular during the third quarter worth approximately $28,000. Ameritas Advisory Services LLC purchased a new stake in shares of Millicom International Cellular during the third quarter worth approximately $32,000. Finally, CWM LLC acquired a new stake in shares of Millicom International Cellular during the third quarter worth $42,000.

Millicom International Cellular Stock Performance

NASDAQ:TIGO opened at $69.28 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $62.00 and a two-hundred day moving average price of $53.88. Millicom International Cellular SA has a twelve month low of $26.35 and a twelve month high of $75.25. The company has a market capitalization of $11.92 billion, a P/E ratio of 8.83 and a beta of 0.90.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.45. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, research analysts expect that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TIGO shares. Zacks Research cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Scotiabank cut shares of Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and reduced their target price for the stock from $46.80 to $43.00 in a research note on Wednesday, February 11th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Friday. Morgan Stanley reiterated a “positive” rating and set a $55.00 price target on shares of Millicom International Cellular in a research note on Thursday, February 26th. Finally, UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $70.00 in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.33.

Millicom International Cellular Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.