Millicom International Cellular SA $TIGO Stake Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,356 shares of the technology company’s stock after selling 1,952 shares during the period. Teacher Retirement System of Texas’ holdings in Millicom International Cellular were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Dodge & Cox bought a new stake in shares of Millicom International Cellular during the first quarter valued at approximately $263,401,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Millicom International Cellular by 5,033.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,578,894 shares of the technology company’s stock valued at $168,874,000 after buying an additional 5,470,214 shares during the last quarter. Swedbank AB bought a new stake in Millicom International Cellular during the first quarter worth approximately $85,909,000. Boston Partners bought a new stake in Millicom International Cellular during the first quarter worth approximately $73,286,000. Finally, Goldman Sachs Group Inc. bought a new stake in Millicom International Cellular during the first quarter worth approximately $50,664,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TIGO shares. JPMorgan Chase & Co. boosted their target price on Millicom International Cellular from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $39.50 to $49.00 in a report on Thursday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. Wall Street Zen raised Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, Scotiabank boosted their target price on Millicom International Cellular from $37.00 to $46.10 and gave the stock a “sector perform” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and an average target price of $42.02.

Millicom International Cellular Price Performance

NASDAQ TIGO opened at $45.81 on Wednesday. The stock has a market capitalization of $7.88 billion, a P/E ratio of 8.08 and a beta of 1.11. Millicom International Cellular SA has a 1 year low of $23.61 and a 1 year high of $50.78. The business’s fifty day moving average is $47.79 and its two-hundred day moving average is $41.54. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.87 and a current ratio of 0.89.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. On average, research analysts forecast that Millicom International Cellular SA will post 1.91 earnings per share 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.