Millicom International Cellular SA (NASDAQ:TIGO) Given Consensus Rating of “Moderate Buy” by Brokerages

Millicom International Cellular SA (NASDAQ:TIGO) has been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $77.28.

TIGO has been the topic of a number of recent research reports. Morgan Stanley restated a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Tuesday, May 26th. Scotiabank upped their target price on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. upped their target price on Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th.

Millicom International Cellular Stock Up 1.8%

Shares of TIGO stock opened at $85.36 on Friday. The stock’s 50-day simple moving average is $80.81 and its 200-day simple moving average is $66.83. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. The firm has a market capitalization of $14.43 billion, a PE ratio of 11.60 and a beta of 0.93. Millicom International Cellular has a fifty-two week low of $35.62 and a fifty-two week high of $87.05.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities analysts expect that Millicom International Cellular will post 2.34 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be paid a $0.75 dividend. The ex-dividend date is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.5%. Millicom International Cellular’s dividend payout ratio is presently 40.76%.

Institutional Trading of Millicom International Cellular

A number of hedge funds have recently modified their holdings of TIGO. PNC Financial Services Group Inc. boosted its position in Millicom International Cellular by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 866 shares of the technology company’s stock worth $65,000 after purchasing an additional 139 shares in the last quarter. EWA LLC boosted its position in Millicom International Cellular by 2.5% during the fourth quarter. EWA LLC now owns 7,025 shares of the technology company’s stock worth $389,000 after purchasing an additional 169 shares in the last quarter. Altshuler Shaham Ltd boosted its position in Millicom International Cellular by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 633 shares of the technology company’s stock worth $47,000 after purchasing an additional 170 shares in the last quarter. Vident Advisory LLC boosted its position in Millicom International Cellular by 2.3% during the fourth quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock worth $635,000 after purchasing an additional 254 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Millicom International Cellular by 155.4% during the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after purchasing an additional 314 shares in the last quarter.

Millicom International Cellular Company 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.