De Vega Blanca Trevino Sells 284 Shares of Millicom International Cellular (NASDAQ:TIGO) Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director De Vega Blanca Trevino sold 284 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $73.92, for a total value of $20,993.28. Following the transaction, the director owned 14,163 shares of the company’s stock, valued at approximately $1,046,928.96. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $92.95 on Wednesday. Millicom International Cellular SA has a 52-week low of $36.59 and a 52-week high of $95.75. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The firm’s fifty day moving average is $86.06 and its 200 day moving average is $73.90. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 12.63 and a beta of 0.92.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.99 billion. Sell-side analysts forecast that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TIGO shares. UBS Group cut shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Tuesday, May 26th. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank lifted their price objective on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and an average price target of $77.28.

Hedge Funds Weigh In On Millicom International Cellular

Several hedge funds and other institutional investors have recently modified their holdings of TIGO. Allworth Financial LP lifted its holdings in shares of Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after purchasing an additional 418 shares during the period. Altshuler Shaham Ltd purchased a new position in Millicom International Cellular during the 4th quarter worth approximately $26,000. Blue Trust Inc. raised its position in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after buying an additional 427 shares during the last quarter. Versant Capital Management Inc lifted its stake in Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock valued at $27,000 after acquiring an additional 269 shares during the period. Finally, Spire Wealth Management acquired a new stake in Millicom International Cellular during the 4th quarter valued at approximately $29,000.

About Millicom International Cellular

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.