Millicom International Cellular S.A. (NASDAQ:TIGO) Receives $24.70 Consensus PT from Brokerages

Millicom International Cellular S.A. (NASDAQ:TIGO) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.70.

TIGO has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 28th. Scotiabank boosted their price target on Millicom International Cellular from $18.00 to $26.10 and gave the company a “sector outperform” rating in a research note on Wednesday, February 28th. HSBC boosted their price target on Millicom International Cellular from $22.50 to $24.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. New Street Research upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $24.00 in a research note on Thursday, February 29th. Finally, Morgan Stanley upgraded Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th.

Millicom International Cellular Stock Down 0.6 %

TIGO stock opened at $20.15 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 0.82. The business has a 50 day moving average price of $19.01 and a two-hundred day moving average price of $17.58. Millicom International Cellular has a twelve month low of $14.46 and a twelve month high of $20.81.

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

Hedge Funds Weigh In On Millicom International Cellular

Institutional investors have recently modified their holdings of the business. DAVENPORT & Co LLC grew its position in Millicom International Cellular by 2.7% during 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 last quarter. Counterpoint Mutual Funds LLC grew its position in Millicom International Cellular by 46.3% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 7,751 shares of the technology company’s stock worth $120,000 after acquiring an additional 2,453 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Millicom International Cellular by 0.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,066,287 shares of the technology company’s stock worth $16,474,000 after acquiring an additional 2,805 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Millicom International Cellular by 1.7% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 93,292 shares of the technology company’s stock worth $1,441,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Millicom International Cellular by 15.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 15,255 shares of the technology company’s stock worth $236,000 after acquiring an additional 2,092 shares during the last quarter.

About Millicom International Cellular

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.