Vest Financial LLC Grows Holdings in Millicom International Cellular SA $TIGO

Vest Financial LLC boosted its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 114.3% during the third quarter, Holdings Channel.com reports. The fund owned 40,969 shares of the technology company’s stock after acquiring an additional 21,849 shares during the quarter. Vest Financial LLC’s holdings in Millicom International Cellular were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TIGO. Harbor Capital Advisors Inc. purchased a new stake in shares of Millicom International Cellular in the third quarter worth $26,000. Alpine Bank Wealth Management bought a new position in Millicom International Cellular in the 3rd quarter worth $28,000. USA Financial Formulas bought a new position in Millicom International Cellular in the 2nd quarter worth $30,000. CWM LLC purchased a new stake in Millicom International Cellular in the 3rd quarter worth $42,000. Finally, Farther Finance Advisors LLC raised its holdings in Millicom International Cellular by 332.5% during the third quarter. Farther Finance Advisors LLC now owns 1,025 shares of the technology company’s stock valued at $50,000 after acquiring an additional 788 shares during the period.

Analyst Ratings Changes

TIGO has been the topic of several research analyst reports. Scotiabank boosted their price objective on Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Wall Street Zen raised Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Zacks Research downgraded Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.56.

Millicom International Cellular Trading Up 1.6%

Shares of NASDAQ TIGO opened at $60.56 on Friday. The business’s 50 day moving average is $53.80 and its two-hundred day moving average is $48.33. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.93 and a quick ratio of 0.91. Millicom International Cellular SA has a 1-year low of $25.50 and a 1-year high of $61.20. The stock has a market capitalization of $10.42 billion, a P/E ratio of 9.27 and a beta of 0.94.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.21). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular had a net margin of 19.58% and a return on equity of 10.81%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current year.

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.