Millicom International Cellular (NASDAQ:TIGO) Shares Gap Up to $14.37

Millicom International Cellular S.A. (NASDAQ:TIGO – Get Rating)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $14.37, but opened at $14.85. Millicom International Cellular shares last traded at $15.00, with a volume of 229 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday. HSBC raised shares of Millicom International Cellular from a “reduce” rating to a “hold” rating in a research report on Monday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Millicom International Cellular has a consensus rating of “Moderate Buy” and an average price target of $18.83.

Millicom International Cellular Trading Down 1.6 %

The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 1.93 and a beta of 0.98. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.88. The business’s 50 day simple moving average is $13.42 and its 200 day simple moving average is $13.30.

Millicom International Cellular (NASDAQ:TIGO – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The technology company reported ($0.20) EPS for the quarter. The firm had revenue of $1.39 billion during the quarter. Millicom International Cellular had a net margin of 13.65% and a return on equity of 20.35%.

Institutional Trading of Millicom International Cellular

A number of large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its stake in shares of Millicom International Cellular by 261.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,128 shares of the technology company’s stock worth $28,000 after buying an additional 816 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Millicom International Cellular during the 1st quarter worth about $50,000. UBS Group AG lifted its stake in shares of Millicom International Cellular by 539.7% during the 1st quarter. UBS Group AG now owns 2,482 shares of the technology company’s stock worth $62,000 after buying an additional 2,094 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Millicom International Cellular during the 3rd quarter worth about $64,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Millicom International Cellular during the 2nd quarter worth about $107,000. Institutional investors and hedge funds own 18.68% of the company’s stock.

Millicom International Cellular Company Profile

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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.