Millicom International Cellular (TIGO) Scheduled to Post Quarterly Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGOGet Rating) is set to announce its earnings results before the market opens on Thursday, April 28th. Parties that are interested in registering for the company’s conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGOGet Rating) last announced its quarterly earnings data on Friday, February 11th. The technology company reported $6.41 earnings per share for the quarter. The firm had revenue of $1.35 billion for the quarter. Millicom International Cellular had a net margin of 12.78% and a return on equity of 25.38%.

Shares of TIGO opened at $26.15 on Thursday. The firm has a market capitalization of $2.66 billion, a PE ratio of 4.44 and a beta of 0.80. The company’s fifty day moving average price is $24.83 and its 200-day moving average price is $29.00. Millicom International Cellular has a 1-year low of $19.93 and a 1-year high of $46.18. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.51 and a quick ratio of 0.50.

Several hedge funds and other institutional investors have recently bought and sold shares of TIGO. JPMorgan Chase & Co. grew its position in shares of Millicom International Cellular by 49.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,169 shares of the technology company’s stock valued at $33,000 after buying an additional 387 shares during the last quarter. Bank of America Corp DE grew its position in Millicom International Cellular by 56.4% during the 2nd quarter. Bank of America Corp DE now owns 4,977 shares of the technology company’s stock worth $197,000 after purchasing an additional 1,794 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Millicom International Cellular by 763,900.0% in the second quarter. Wells Fargo & Company MN now owns 7,640 shares of the technology company’s stock valued at $302,000 after acquiring an additional 7,639 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Millicom International Cellular by 18.4% in the third quarter. Jane Street Group LLC now owns 21,507 shares of the technology company’s stock valued at $781,000 after acquiring an additional 3,340 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in shares of Millicom International Cellular by 785.0% in the fourth quarter. Citadel Advisors LLC now owns 61,514 shares of the technology company’s stock valued at $1,750,000 after acquiring an additional 54,563 shares in the last quarter. 4.06% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the stock from $35.90 to $32.90 in a research report on Tuesday, March 8th. JPMorgan Chase & Co. raised shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 31st.

Millicom International Cellular Company Profile (Get Rating)

Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.

Read More

Earnings History for Millicom International Cellular (NASDAQ:TIGO)

Receive News & Ratings for Millicom International Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Millicom International Cellular and related companies with MarketBeat.com's FREE daily email newsletter.