BNP Paribas Financial Markets Sells 4,077 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

BNP Paribas Financial Markets decreased its holdings in Millicom International Cellular S.A. (NASDAQ:TIGO) by 50.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,993 shares of the technology company’s stock after selling 4,077 shares during the period. BNP Paribas Financial Markets’ holdings in Millicom International Cellular were worth $108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in shares of Millicom International Cellular by 217.9% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after acquiring an additional 780 shares during the last quarter. Blue Trust Inc. boosted its position in Millicom International Cellular by 159.7% during the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,367 shares during the period. Fifth Third Bancorp bought a new position in Millicom International Cellular during the second quarter worth $67,000. Summit Securities Group LLC acquired a new position in shares of Millicom International Cellular in the second quarter valued at $98,000. Finally, AQR Capital Management LLC bought a new position in shares of Millicom International Cellular in the second quarter valued at about $215,000.

Millicom International Cellular Stock Down 2.3 %

TIGO stock opened at $24.27 on Thursday. The stock’s 50 day simple moving average is $26.40 and its 200 day simple moving average is $25.81. The company has a market cap of $2.47 billion, a P/E ratio of 25.82 and a beta of 1.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. Millicom International Cellular S.A. has a fifty-two week low of $15.55 and a fifty-two week high of $28.75.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, research analysts expect that Millicom International Cellular S.A. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TIGO. JPMorgan Chase & Co. initiated coverage on shares of Millicom International Cellular in a report on Friday, September 6th. They set an “overweight” rating and a $35.00 target price for the company. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $30.00 to $37.30 in a research report on Friday, September 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.66.

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.