Millicom International Cellular SA (NASDAQ:TIGO) Given Average Rating of “Hold” by Analysts

Millicom International Cellular SA (NASDAQ:TIGO) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.33.

TIGO has been the topic of a number of recent analyst reports. Scotiabank raised Millicom International Cellular from a “sector perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Thursday, March 12th. ValuEngine lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, April 7th. New Street Research lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Monday, April 6th. Zacks Investment Research reissued a “sell” rating on shares of Millicom International Cellular in a research note on Saturday, May 2nd. Finally, BidaskClub raised Millicom International Cellular from a “strong sell” rating to a “sell” rating in a research note on Friday, May 29th.

A number of institutional investors have recently made changes to their positions in TIGO. FMR LLC grew its holdings in Millicom International Cellular by 836.2% during the fourth quarter. FMR LLC now owns 227,647 shares of the company’s stock worth $10,980,000 after buying an additional 203,331 shares in the last quarter. Morgan Stanley grew its holdings in Millicom International Cellular by 2,971.2% during the first quarter. Morgan Stanley now owns 66,461 shares of the company’s stock worth $1,888,000 after buying an additional 64,297 shares in the last quarter. Cove Street Capital LLC grew its holdings in Millicom International Cellular by 6.3% during the fourth quarter. Cove Street Capital LLC now owns 862,057 shares of the company’s stock worth $41,577,000 after buying an additional 51,158 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Millicom International Cellular by 185.6% during the fourth quarter. Renaissance Technologies LLC now owns 44,547 shares of the company’s stock worth $2,149,000 after buying an additional 28,947 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Millicom International Cellular by 20.7% during the first quarter. Geode Capital Management LLC now owns 71,663 shares of the company’s stock worth $2,035,000 after buying an additional 12,299 shares in the last quarter. Institutional investors and hedge funds own 6.97% of the company’s stock.

NASDAQ:TIGO opened at $25.71 on Wednesday. The stock has a market cap of $2.54 billion, a P/E ratio of 171.40 and a beta of 0.72. The company has a current ratio of 1.41, a quick ratio of 1.39 and a debt-to-equity ratio of 3.00. The stock’s 50-day moving average is $24.82 and its 200-day moving average is $35.65. Millicom International Cellular has a 1-year low of $20.15 and a 1-year high of $59.19.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.50). The company had revenue of $1.09 billion during the quarter. Millicom International Cellular had a negative return on equity of 5.40% and a net margin of 0.39%. As a group, equities analysts forecast that Millicom International Cellular will post -0.34 EPS for the current year.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.

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