Analysts Set Millicom International Cellular SA (NASDAQ:TIGO) PT at $65.64

Shares of Millicom International Cellular SA (NASDAQ:TIGO) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $65.64.

Several research firms have recently weighed in on TIGO. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen downgraded shares of Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $70.00 in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Finally, Scotiabank lifted their price target on shares of Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research note on Monday, March 30th.

Millicom International Cellular Stock Up 0.1%

Shares of NASDAQ TIGO opened at $83.11 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.86. The company has a market cap of $14.05 billion, a P/E ratio of 10.59 and a beta of 0.87. Millicom International Cellular has a 1 year low of $28.33 and a 1 year high of $84.44. The firm has a 50-day simple moving average of $71.87 and a two-hundred day simple moving average of $59.03.

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

Millicom International Cellular Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s payout ratio is currently 38.22%.

Hedge Funds Weigh In On Millicom International Cellular

Several institutional investors have recently bought and sold shares of TIGO. Smartleaf Asset Management LLC increased its holdings in Millicom International Cellular by 155.4% during the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after buying an additional 314 shares during the period. Allworth Financial LP increased its holdings in Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after buying an additional 418 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Millicom International Cellular during the third quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new position in Millicom International Cellular during the fourth quarter valued at approximately $26,000. Finally, Blue Trust Inc. increased its holdings in Millicom International Cellular by 736.2% during the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after buying an additional 427 shares during the period.

Millicom International Cellular Company 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.