Aberdeen Group plc Takes $26.17 Million Position in Millicom International Cellular SA $TIGO

Aberdeen Group plc purchased a new position in Millicom International Cellular SA (NASDAQ:TIGO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 539,088 shares of the technology company’s stock, valued at approximately $26,167,000. Aberdeen Group plc owned approximately 0.31% of Millicom International Cellular at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after buying an additional 314 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Millicom International Cellular in the 3rd quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new position in Millicom International Cellular in the 3rd quarter valued at approximately $28,000. Ameritas Advisory Services LLC purchased a new stake in Millicom International Cellular during the 3rd quarter valued at $32,000. Finally, CWM LLC bought a new stake in shares of Millicom International Cellular in the 3rd quarter worth $42,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday, January 22nd. Scotiabank downgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and dropped their price target for the company from $46.80 to $43.00 in a report on Wednesday, February 11th. JPMorgan Chase & Co. lifted 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. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their price objective for the company from $49.00 to $70.00 in a research report on Thursday, January 15th. Finally, Zacks Research downgraded shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.00.

Millicom International Cellular Stock Performance

Shares of NASDAQ TIGO opened at $66.20 on Wednesday. Millicom International Cellular SA has a 12-month low of $25.50 and a 12-month high of $68.93. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 10.14 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 1.76. The firm has a 50 day moving average of $57.81 and a 200 day moving average of $51.53.

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.