Millicom International Cellular (NASDAQ:TIGO) Sees Large Volume Increase

Millicom International Cellular S.A. (NASDAQ:TIGOGet Free Report) shares saw strong trading volume on Tuesday . 94,420 shares traded hands during trading, a decline of 7% from the previous session’s volume of 101,956 shares.The stock last traded at $24.52 and had previously closed at $24.63.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Millicom International Cellular in a report on Tuesday, May 28th. They set an “overweight” rating and a $30.00 price target for the company. HSBC downgraded Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Hsbc Global Res downgraded Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Scotiabank lifted their target price on Millicom International Cellular from $26.80 to $30.00 and gave the stock a “sector outperform” rating in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Get Our Latest Stock Analysis on TIGO

Millicom International Cellular Trading Down 1.7 %

The company has a debt-to-equity ratio of 1.74, a current ratio of 0.86 and a quick ratio of 0.84. The stock has a 50-day moving average of $23.79 and a 200 day moving average of $20.29.

Millicom International Cellular (NASDAQ:TIGOGet Free Report) last released its earnings results on Wednesday, May 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter. Millicom International Cellular had a return on equity of 0.08% and a net margin of 0.12%. The firm had revenue of $1.49 billion for the quarter.

Institutional Trading of Millicom International Cellular

Several hedge funds and other institutional investors have recently made changes to their positions in TIGO. LB Partners LLC bought a new stake in shares of Millicom International Cellular during the fourth quarter worth about $9,000,000. Morningstar Investment Services LLC grew its holdings in shares of 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 worth $4,474,000 after purchasing an additional 126,679 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Millicom International Cellular during the first quarter worth about $1,216,000. Optiver Holding B.V. grew its holdings in shares of 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 purchasing an additional 38,697 shares during the last quarter. Finally, Greytown Advisors Inc. lifted its stake in shares of Millicom International Cellular by 91.6% in the fourth quarter. Greytown Advisors Inc. now owns 45,955 shares of the technology company’s stock worth $827,000 after acquiring an additional 21,965 shares during the period.

Millicom International Cellular Company Profile

(Get Free Report)

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.

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