Millicom International Cellular S.A. (NASDAQ:TIGO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Millicom International Cellular S.A. (NASDAQ:TIGO) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.65.

Several research analysts have commented on the company. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, January 22nd. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Morgan Stanley began coverage on Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price target for the company. Barclays dropped their price objective on shares of Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday.

Institutional Trading of Millicom International Cellular

Several institutional investors have recently added to or reduced their stakes in TIGO. Brandes Investment Partners LP increased its position in shares of Millicom International Cellular by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company’s stock worth $114,402,000 after purchasing an additional 68,061 shares during the last quarter. Southeastern Asset Management Inc. TN acquired a new position in Millicom International Cellular in the fourth quarter worth about $60,306,000. LB Partners LLC increased its holdings in Millicom International Cellular by 1.4% in the fourth quarter. LB Partners LLC now owns 518,923 shares of the technology company’s stock valued at $12,978,000 after buying an additional 7,000 shares during the last quarter. Park West Asset Management LLC acquired a new stake in Millicom International Cellular during the fourth quarter valued at approximately $6,165,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Millicom International Cellular by 47.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company’s stock valued at $3,993,000 after buying an additional 51,620 shares in the last quarter.

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $28.49 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The company has a market cap of $4.90 billion, a PE ratio of 30.31 and a beta of 1.23. The company’s fifty day simple moving average is $28.21 and its 200-day simple moving average is $26.94. Millicom International Cellular has a 52 week low of $19.50 and a 52 week high of $31.63.

Millicom International Cellular Announces Dividend

The business also recently declared an annual dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 202.70%.

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.