Millicom International Cellular (LON:MICC) Price Target Raised to GBX 1,280 at Berenberg Bank

Millicom International Cellular (LON:MICC) had its price target raised by stock analysts at Berenberg Bank from GBX 1,217 to GBX 1,280 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 6.16% from the stock’s previous close.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock opened at GBX 1,364 on Tuesday. The company’s fifty day moving average price is GBX 1,322.11. The stock has a market capitalization of £8.35 billion and a price-to-earnings ratio of 28.42. Millicom International Cellular has a 12 month low of GBX 955.64 and a 12 month high of GBX 1,440.

Insider Transactions at Millicom International Cellular

In other Millicom International Cellular news, insider Peter ter Kulve bought 23,150 shares of the business’s stock in a transaction on Monday, June 1st. The shares were acquired at an average price of GBX 1,374 per share, with a total value of £318,081. 0.06% of the stock is currently owned by insiders.

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.