Millicom International Cellular’s (MICC) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Millicom International Cellular (LON:MICC) in a research note issued to investors on Friday morning, Marketbeat reports. Berenberg Bank currently has a GBX 1,217 target price on the stock.

Millicom International Cellular Trading Up 0.6%

Shares of LON MICC opened at GBX 1,345 on Friday. The stock has a 50 day simple moving average of GBX 1,299.43. The company has a market cap of £8.23 billion and a P/E ratio of 28.02. Millicom International Cellular has a 12 month low of GBX 955.64 and a 12 month high of GBX 1,433.50.

Insider Activity

In related news, insider Peter ter Kulve bought 6,825 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of GBX 15 per share, with a total value of £1,023.75. Insiders own 0.06% of the company’s stock.

Millicom International Cellular SA, commonly known by its Tigo brand in many markets, is a telecommunications and media company headquartered in Luxembourg. The company focuses on providing connectivity and digital services to consumers and businesses in emerging markets, with an emphasis on mobile communications, fixed broadband and cable television.

Millicom’s principal commercial offerings include mobile voice and data services, fixed broadband (including DSL and increasingly fiber-based access where available), pay-TV and bundled consumer packages.