LWM Advisory Services LLC Sells 6,284 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

LWM Advisory Services LLC lessened its stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGOFree Report) by 37.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,638 shares of the technology company’s stock after selling 6,284 shares during the period. LWM Advisory Services LLC’s holdings in Millicom International Cellular were worth $261,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in Millicom International Cellular by 217.9% during the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after purchasing an additional 780 shares during the period. Fifth Third Bancorp bought a new stake in Millicom International Cellular in the 2nd quarter valued at $67,000. Principal Securities Inc. acquired a new stake in Millicom International Cellular during the 4th quarter valued at $87,000. Summit Securities Group LLC bought a new position in Millicom International Cellular during the second quarter worth $98,000. Finally, SG Americas Securities LLC increased its holdings in shares of Millicom International Cellular by 13.1% in the first quarter. SG Americas Securities LLC now owns 7,925 shares of the technology company’s stock valued at $160,000 after purchasing an additional 920 shares during the last quarter.

Analyst Ratings Changes

TIGO has been the subject of several research reports. HSBC downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Hsbc Global Res lowered Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Scotiabank reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Millicom International Cellular in a research note on Wednesday, August 7th. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.00 to $33.00 in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. began coverage on Millicom International Cellular in a research report on Friday, September 6th. They set an “overweight” rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and an average price target of $29.20.

Check Out Our Latest Stock Report on Millicom International Cellular

Millicom International Cellular Price Performance

TIGO stock opened at $27.26 on Friday. Millicom International Cellular S.A. has a 1 year low of $14.46 and a 1 year high of $27.43. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72. The company has a 50 day simple moving average of $25.53 and a 200 day simple moving average of $22.98.

Millicom International Cellular (NASDAQ:TIGOGet Free Report) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). Millicom International Cellular had a return on equity of 2.91% and a net margin of 1.83%. The firm had revenue of $1.46 billion for the quarter. During the same quarter in the prior year, the company earned ($0.13) EPS. On average, analysts anticipate that Millicom International Cellular S.A. will post 2.33 EPS for the current fiscal year.

About Millicom International Cellular

(Free Report)

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.

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Institutional Ownership by Quarter for Millicom International Cellular (NASDAQ:TIGO)

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