Millicom International Cellular (TIGO) to Release Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Millicom International Cellular to post earnings of $0.78 per share and revenue of $1.47 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $27.41 on Tuesday. The stock has a market cap of $4.72 billion, a P/E ratio of 29.16 and a beta of 1.18. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The company has a fifty day moving average price of $26.01 and a two-hundred day moving average price of $26.35. Millicom International Cellular has a one year low of $15.55 and a one year high of $28.75.

Millicom International Cellular Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio is currently 106.38%.

Analysts Set New Price Targets

A number of brokerages have commented on TIGO. JPMorgan Chase & Co. cut their price target on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Hsbc Global Res raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Wednesday, January 22nd. Finally, Morgan Stanley started coverage on shares of Millicom International Cellular in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price target on the stock. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Buy” and an average target price of $32.22.

About Millicom International Cellular

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.