Millicom International Cellular Target of Unusually High Options Trading (NASDAQ:TIGO)

Millicom International Cellular SA (NASDAQ:TIGO) was the recipient of unusually large options trading activity on Tuesday. Traders bought 25,986 call options on the stock. This is an increase of 3,275% compared to the typical daily volume of 770 call options.

Millicom International Cellular Trading Up 0.8%

Shares of NASDAQ:TIGO opened at $81.26 on Wednesday. The company has a market cap of $13.73 billion, a P/E ratio of 10.35 and a beta of 0.87. The stock’s 50-day moving average is $70.18 and its 200-day moving average is $58.08. Millicom International Cellular has a 52-week low of $26.35 and a 52-week high of $82.10. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.88.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.45. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.49 billion. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. Equities research analysts predict that Millicom International Cellular will post 1.91 earnings per share for the current year.

Millicom International Cellular Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 38.22%.

Analyst Ratings Changes

TIGO has been the topic of several analyst reports. Morgan Stanley reissued a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research report on Thursday, February 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Wall Street Zen downgraded shares of Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Scotiabank raised their price target on Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Hold” and a consensus price target of $65.64.

Institutional Investors Weigh In On Millicom International Cellular

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC acquired a new stake in shares of Millicom International Cellular in the fourth quarter valued at about $225,000. Hsbc Holdings PLC lifted its stake in shares of Millicom International Cellular by 455.9% in the fourth quarter. Hsbc Holdings PLC now owns 54,576 shares of the technology company’s stock valued at $3,038,000 after buying an additional 44,758 shares during the period. Invesco Ltd. lifted its stake in shares of Millicom International Cellular by 14.8% in the fourth quarter. Invesco Ltd. now owns 181,118 shares of the technology company’s stock valued at $10,041,000 after buying an additional 23,336 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Millicom International Cellular in the fourth quarter valued at about $265,000. Finally, Vident Advisory LLC lifted its stake in shares of Millicom International Cellular by 2.3% in the fourth quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock valued at $635,000 after buying an additional 254 shares during the period.

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.