Millicom International Cellular (LON:MICC) Given New GBX 1,250 Price Target at Berenberg Bank

Millicom International Cellular (LON:MICC) had its target price trimmed by Berenberg Bank from GBX 1,280 to GBX 1,250 in a research note published on Tuesday morning,Digital Look reports. The firm currently has a hold rating on the stock.

Millicom International Cellular Stock Down 0.0%

MICC stock opened at GBX 1,344.50 on Tuesday. Millicom International Cellular has a 12-month low of GBX 955.64 and a 12-month high of GBX 1,515. The company has a market cap of £8.12 billion and a price-to-earnings ratio of 45.48. The company has a 50 day moving average of GBX 1,414.23 and a two-hundred day moving average of GBX 1,285.59.

Millicom International Cellular SA, commonly known by its Tigo brand in many markets, is a telecommunications and media company headquartered in Luxembourg. The company focuses on providing connectivity and digital services to consumers and businesses in emerging markets, with an emphasis on mobile communications, fixed broadband and cable television.

Millicom’s principal commercial offerings include mobile voice and data services, fixed broadband (including DSL and increasingly fiber-based access where available), pay-TV and bundled consumer packages.