Millicom International Cellular SA (NASDAQ:TIGO) Receives $42.02 Average PT from Analysts

Millicom International Cellular SA (NASDAQ:TIGO) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $42.0167.

Several analysts have recently commented on the company. Scotiabank raised their target price on Millicom International Cellular from $37.00 to $46.10 and gave the company a “sector perform” rating in a research note on Tuesday, August 19th. JPMorgan Chase & Co. raised their target price on Millicom International Cellular from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a research note on Wednesday, October 8th. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their target price for the company from $39.50 to $49.00 in a research note on Thursday, September 11th. Finally, Zacks Research downgraded Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th.

Institutional Trading of Millicom International Cellular

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Millicom International Cellular in the 3rd quarter valued at about $26,000. Alpine Bank Wealth Management bought a new position in Millicom International Cellular in the 3rd quarter valued at about $28,000. USA Financial Formulas bought a new position in Millicom International Cellular in the 2nd quarter valued at about $30,000. CWM LLC bought a new position in Millicom International Cellular in the 3rd quarter valued at about $42,000. Finally, Farther Finance Advisors LLC lifted its position in Millicom International Cellular by 332.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,025 shares of the technology company’s stock valued at $50,000 after acquiring an additional 788 shares in the last quarter.

Millicom International Cellular Stock Up 2.4%

Shares of Millicom International Cellular stock opened at $47.54 on Friday. Millicom International Cellular has a one year low of $23.61 and a one year high of $50.78. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.89 and a quick ratio of 0.87. The stock’s 50-day moving average is $47.51 and its 200 day moving average is $40.13. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 8.38 and a beta of 1.11.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Thursday, August 7th. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. Equities research analysts anticipate that Millicom International Cellular will post 1.91 EPS for the current year.

Millicom International Cellular Company 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.