Nisa Investment Advisors LLC Makes New Investment in Millicom International Cellular SA $TIGO

Nisa Investment Advisors LLC purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 82,616 shares of the technology company’s stock, valued at approximately $4,010,000.

Several other institutional investors have also recently made changes to their positions in TIGO. Perpetual Ltd boosted its stake in Millicom International Cellular by 5,283.2% during the third quarter. Perpetual Ltd now owns 2,731,971 shares of the technology company’s stock valued at $132,610,000 after buying an additional 2,681,221 shares during the period. Goldman Sachs Group Inc. bought a new position in Millicom International Cellular in the 1st quarter worth about $50,664,000. State Street Corp raised its holdings in shares of Millicom International Cellular by 129.2% in the 2nd quarter. State Street Corp now owns 1,820,070 shares of the technology company’s stock valued at $68,198,000 after acquiring an additional 1,026,063 shares in the last quarter. Marathon Asset Management Ltd bought a new stake in shares of Millicom International Cellular during the 3rd quarter valued at about $47,789,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Millicom International Cellular by 201.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,119,991 shares of the technology company’s stock valued at $41,966,000 after acquiring an additional 748,750 shares during the last quarter.

Millicom International Cellular Price Performance

TIGO stock opened at $50.15 on Monday. The firm has a market cap of $8.63 billion, a P/E ratio of 7.68 and a beta of 0.94. The firm’s fifty day moving average is $52.34 and its 200 day moving average is $47.28. Millicom International Cellular SA has a 52 week low of $23.61 and a 52 week high of $57.64. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.21). Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular’s revenue was down .8% compared to the same quarter last year. Research analysts predict that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

TIGO has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. boosted their price target on shares of Millicom International Cellular from $55.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Zacks Research raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Scotiabank lifted their price objective on shares of Millicom International Cellular from $46.10 to $46.80 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Millicom International Cellular in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular currently has an average rating of “Moderate Buy” and a consensus target price of $43.47.

Millicom International Cellular Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.