Millicom International Cellular S.A. (NASDAQ:TIGO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Millicom International Cellular S.A. (NASDAQ:TIGO) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.20.

Several research analysts have issued reports on TIGO shares. Hsbc Global Res lowered Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. started coverage on Millicom International Cellular in a report on Friday, September 6th. They set an “overweight” rating and a $35.00 price objective for the company. HSBC lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their target price for the company from $25.00 to $33.00 in a research note on Thursday, August 15th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Millicom International Cellular in a research note on Wednesday, August 7th.

Millicom International Cellular Price Performance

Shares of Millicom International Cellular stock opened at $27.29 on Tuesday. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $23.12. Millicom International Cellular has a one year low of $14.46 and a one year high of $27.43. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 545.80 and a beta of 1.23. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 0.66.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Friday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). Millicom International Cellular had a net margin of 1.83% and a return on equity of 2.91%. The firm had revenue of $1.46 billion for the quarter. During the same quarter last year, the business earned ($0.13) EPS. Equities analysts expect that Millicom International Cellular will post 2.33 EPS for the current year.

Hedge Funds Weigh In On Millicom International Cellular

Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its stake in Millicom International Cellular by 138.9% in the second quarter. Millennium Management LLC now owns 270,373 shares of the technology company’s stock worth $6,638,000 after acquiring an additional 157,205 shares during the period. Morningstar Investment Services LLC increased its holdings in Millicom International Cellular by 105.6% during the fourth quarter. Morningstar Investment Services LLC now owns 246,622 shares of the technology company’s stock valued at $4,474,000 after buying an additional 126,679 shares during the period. Renaissance Technologies LLC increased its holdings in Millicom International Cellular by 35.4% during the second quarter. Renaissance Technologies LLC now owns 320,747 shares of the technology company’s stock valued at $7,874,000 after buying an additional 83,939 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Millicom International Cellular in the first quarter worth approximately $1,216,000. Finally, Optiver Holding B.V. lifted its holdings in Millicom International Cellular by 216.0% during the fourth quarter. Optiver Holding B.V. now owns 56,615 shares of the technology company’s stock worth $1,019,000 after buying an additional 38,697 shares during the period.

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.