Millicom International Cellular SA (NASDAQ:TIGO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Millicom International Cellular SA (NASDAQ:TIGO) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $49.56.

Several analysts have recently weighed in on the company. Zacks Research downgraded Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Scotiabank upped their target price on shares of Millicom International Cellular from $46.10 to $46.80 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their target price for the stock from $49.00 to $70.00 in a research report on Thursday, January 15th. Finally, Wall Street Zen upgraded Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. boosted its stake in shares of Millicom International Cellular by 31.1% during the fourth quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock valued at $4,716,000 after purchasing an additional 20,194 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Millicom International Cellular during the fourth quarter worth $1,747,000. South Shore Capital Advisors bought a new stake in Millicom International Cellular during the 4th quarter valued at $305,000. Signaturefd LLC increased its holdings in shares of Millicom International Cellular by 32.5% in the 4th quarter. Signaturefd LLC now owns 2,499 shares of the technology company’s stock valued at $139,000 after acquiring an additional 613 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Millicom International Cellular in the 4th quarter valued at $210,000.

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $61.35 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.93 and a quick ratio of 0.91. Millicom International Cellular has a 1-year low of $25.50 and a 1-year high of $61.61. The business has a 50 day simple moving average of $54.02 and a two-hundred day simple moving average of $48.65. The stock has a market capitalization of $10.56 billion, a PE ratio of 9.40 and a beta of 0.94.

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

About Millicom International Cellular

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.