SG Americas Securities LLC trimmed its position in Millicom International Cellular S.A. (NASDAQ:TIGO – Free Report) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,221 shares of the technology company’s stock after selling 1,075 shares during the quarter. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $196,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Signaturefd LLC grew its position in Millicom International Cellular by 217.9% during the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after buying an additional 780 shares in the last quarter. Fifth Third Bancorp purchased a new position in Millicom International Cellular in the 2nd quarter worth approximately $67,000. Summit Securities Group LLC purchased a new stake in shares of Millicom International Cellular during the 2nd quarter valued at $98,000. AQR Capital Management LLC bought a new stake in Millicom International Cellular during the second quarter worth about $215,000. Finally, Silver Lake Advisory LLC bought a new stake in Millicom International Cellular in the 2nd quarter worth approximately $260,000.
Millicom International Cellular Price Performance
Shares of NASDAQ:TIGO opened at $27.58 on Thursday. The company has a market capitalization of $2.81 billion, a PE ratio of 551.60 and a beta of 1.23. The business has a fifty day moving average price of $26.81 and a 200-day moving average price of $24.61. Millicom International Cellular S.A. has a 1-year low of $14.46 and a 1-year high of $28.75. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.66 and a quick ratio of 0.64.
Analyst Upgrades and Downgrades
Several analysts have weighed in on TIGO shares. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $33.00 in a research note on Thursday, August 15th. JPMorgan Chase & Co. initiated coverage on shares of Millicom International Cellular in a research note on Friday, September 6th. They set an “overweight” rating and a $35.00 price objective for the company. Hsbc Global Res cut Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $30.00 to $37.30 in a research report on Friday, September 20th. Finally, HSBC cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.66.
Check Out Our Latest Report on TIGO
Millicom International Cellular 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.
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