Millicom International Cellular SA (NASDAQ:TIGO) Receives $42.02 Consensus PT from Analysts

Millicom International Cellular SA (NASDAQ:TIGO) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $42.0167.

TIGO has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. Wall Street Zen raised shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their target price for the company from $39.50 to $49.00 in a research report on Thursday, September 11th. JPMorgan Chase & Co. lifted their price target on Millicom International Cellular from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Scotiabank increased their price target on Millicom International Cellular from $37.00 to $46.10 and gave the stock a “sector perform” rating in a research report on Tuesday, August 19th.

Millicom International Cellular Stock Down 0.2%

Shares of TIGO stock opened at $47.16 on Friday. Millicom International Cellular has a twelve month low of $23.61 and a twelve month high of $50.78. The stock has a market cap of $8.12 billion, a P/E ratio of 8.32 and a beta of 1.11. The stock has a 50 day moving average of $47.39 and a 200 day moving average of $40.04. 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 (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%. As a group, sell-side analysts expect that Millicom International Cellular will post 1.91 EPS for the current year.

Institutional Investors Weigh In On Millicom International Cellular

Institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC increased its position in shares of Millicom International Cellular by 0.3% during the second quarter. Segall Bryant & Hamill LLC now owns 97,577 shares of the technology company’s stock worth $3,656,000 after purchasing an additional 300 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Millicom International Cellular by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock valued at $290,000 after purchasing an additional 453 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Millicom International Cellular by 55.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after purchasing an additional 502 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Millicom International Cellular by 4.7% during the first quarter. Cerity Partners LLC now owns 11,208 shares of the technology company’s stock worth $339,000 after buying an additional 508 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Millicom International Cellular in the third quarter valued at about $26,000.

About Millicom International Cellular

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.