Millicom International Cellular (NASDAQ:TIGO) PT Raised to $24.00

Millicom International Cellular (NASDAQ:TIGO) had its target price lifted by stock analysts at HSBC from $22.50 to $24.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. HSBC’s price objective indicates a potential upside of 19.52% from the company’s current price.

Several other equities research analysts also recently weighed in on TIGO. Morgan Stanley upgraded shares of Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. raised Millicom International Cellular from a “neutral” rating to an “overweight” rating in a report on Thursday, March 28th. Scotiabank increased their price target on Millicom International Cellular from $18.00 to $26.10 and gave the stock a “sector outperform” rating in a report on Wednesday, February 28th. Finally, New Street Research upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $24.00 in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

Millicom International Cellular Trading Down 2.1 %

Shares of NASDAQ TIGO opened at $20.08 on Thursday. Millicom International Cellular has a twelve month low of $14.46 and a twelve month high of $20.81. The stock has a 50 day moving average of $18.17 and a two-hundred day moving average of $17.22. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.36) EPS for the quarter. The business had revenue of $1.48 billion during the quarter. Millicom International Cellular had a negative net margin of 1.45% and a negative return on equity of 2.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LB Partners LLC acquired a new position in Millicom International Cellular during the fourth quarter worth about $9,000,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Millicom International Cellular during the 3rd quarter worth approximately $627,000. DAVENPORT & Co LLC grew its holdings in shares of Millicom International Cellular by 2.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 95,731 shares of the technology company’s stock worth $1,479,000 after acquiring an additional 2,556 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Millicom International Cellular by 1.7% in the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 93,292 shares of the technology company’s stock valued at $1,441,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in Millicom International Cellular by 28.7% in the 3rd quarter. Brandes Investment Partners LP now owns 4,394,992 shares of the technology company’s stock valued at $67,903,000 after purchasing an additional 981,159 shares in the last quarter.

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.