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

Millicom International Cellular S.A. (NASDAQ:TIGOGet 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:TIGOGet 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

(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.

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