MML Investors Services LLC Purchases 750 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

MML Investors Services LLC increased its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,815 shares of the technology company’s stock after acquiring an additional 750 shares during the quarter. MML Investors Services LLC’s holdings in Millicom International Cellular were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TIGO. Signaturefd LLC boosted its position in shares of Millicom International Cellular by 217.9% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after purchasing an additional 780 shares in the last quarter. Blue Trust Inc. boosted its holdings in Millicom International Cellular by 159.7% in the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,367 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Millicom International Cellular during the second quarter worth about $67,000. National Bank of Canada FI acquired a new position in shares of Millicom International Cellular during the third quarter valued at about $76,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Millicom International Cellular in the 3rd quarter valued at approximately $87,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TIGO. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $30.00 to $37.30 in a research report on Friday, September 20th. JPMorgan Chase & Co. assumed coverage on Millicom International Cellular in a research report on Friday, September 6th. They issued an “overweight” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular presently has an average rating of “Moderate Buy” and a consensus price target of $30.66.

Millicom International Cellular Stock Performance

TIGO opened at $24.23 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a 12-month low of $15.55 and a 12-month high of $28.75. The firm has a 50 day moving average of $26.25 and a two-hundred day moving average of $25.80. The firm has a market capitalization of $2.47 billion, a PE ratio of 25.78 and a beta of 1.19.

Millicom International Cellular (NASDAQ:TIGO) last issued its earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.38). Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned ($0.03) EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts anticipate that Millicom International Cellular S.A. will post 1.98 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.