Millicom International Cellular S.A. (NASDAQ:TIGO) Receives $27.00 Average Price Target from Analysts

Millicom International Cellular S.A. (NASDAQ:TIGO) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $27.00.

A number of research analysts have issued reports on TIGO shares. HSBC downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. assumed coverage on shares of Millicom International Cellular in a research note on Tuesday, May 28th. They set an “overweight” rating and a $30.00 price target for the company. Hsbc Global Res cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Scotiabank increased their price target on Millicom International Cellular from $26.80 to $30.00 and gave the company a “sector outperform” rating in a research note on Friday, June 21st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in Millicom International Cellular in the second quarter valued at approximately $372,000. Signaturefd LLC grew its holdings in shares of Millicom International Cellular by 217.9% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock valued at $28,000 after buying an additional 780 shares during the period. LB Partners LLC increased its position in shares of Millicom International Cellular by 0.4% in the 2nd quarter. LB Partners LLC now owns 502,000 shares of the technology company’s stock valued at $12,324,000 after buying an additional 2,000 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Millicom International Cellular during the 2nd quarter worth $98,000. Finally, Fifth Third Bancorp bought a new position in Millicom International Cellular during the second quarter worth about $67,000.

Millicom International Cellular Trading Up 5.4 %

Shares of Millicom International Cellular stock opened at $25.93 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.86 and a quick ratio of 0.84. The firm has a 50 day simple moving average of $24.41 and a 200 day simple moving average of $21.09. Millicom International Cellular has a fifty-two week low of $14.46 and a fifty-two week high of $26.20.

Millicom International Cellular (NASDAQ:TIGO) last released its earnings results on Friday, August 2nd. The technology company reported $0.46 EPS for the quarter. The company had revenue of $1.46 billion during the quarter. Millicom International Cellular had a return on equity of 0.08% and a net margin of 0.12%. During the same period last year, the business posted ($0.13) earnings per share.

Millicom International Cellular Company Profile

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