Amundi Invests $1.69 Million in Millicom International Cellular SA $TIGO

Amundi acquired a new stake in Millicom International Cellular SA (NASDAQ:TIGO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,538 shares of the technology company’s stock, valued at approximately $1,694,000.

A number of other hedge funds have also modified their holdings of the company. PDT Partners LLC acquired a new position in shares of Millicom International Cellular in the first quarter valued at about $3,042,000. Cubist Systematic Strategies LLC acquired a new position in shares of Millicom International Cellular in the first quarter valued at about $2,782,000. Royal Bank of Canada increased its holdings in shares of Millicom International Cellular by 48.1% in the first quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock valued at $1,398,000 after purchasing an additional 14,990 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Millicom International Cellular in the first quarter valued at about $5,600,000. Finally, Vident Advisory LLC increased its holdings in shares of Millicom International Cellular by 31.1% in the first quarter. Vident Advisory LLC now owns 13,683 shares of the technology company’s stock valued at $414,000 after purchasing an additional 3,243 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. UBS Group lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and increased their price objective for the company from $39.50 to $49.00 in a report on Thursday. Wall Street Zen downgraded Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on Millicom International Cellular from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Finally, Scotiabank upped their target price on Millicom International Cellular from $37.00 to $46.10 and gave the stock a “sector perform” rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.02.

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $47.53 on Friday. The company has a market capitalization of $8.18 billion, a P/E ratio of 8.38 and a beta of 1.09. The business’s 50 day moving average is $43.26 and its two-hundred day moving average is $36.53. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 1.59. Millicom International Cellular SA has a 12-month low of $23.61 and a 12-month high of $50.78.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%. Analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.

Millicom International Cellular 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.