Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Update

Millicom International Cellular S.A. (NASDAQ:TIGO) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 125,100 shares, a growth of 23.6% from the December 15th total of 101,200 shares. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are short sold.

Millicom International Cellular Stock Up 0.3 %

NASDAQ:TIGO traded up $0.09 during mid-day trading on Thursday, hitting $27.00. 433,506 shares of the company’s stock were exchanged, compared to its average volume of 318,391. Millicom International Cellular has a fifty-two week low of $15.55 and a fifty-two week high of $28.75. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. The company has a 50 day simple moving average of $25.34 and a 200-day simple moving average of $25.91.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, analysts expect that Millicom International Cellular will post 1.98 earnings per share for the current year.

Millicom International Cellular Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 3rd were given a dividend of $1.00 per share. The ex-dividend date was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio (DPR) is 106.38%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TIGO. JPMorgan Chase & Co. dropped their price objective 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. Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $30.00 to $37.30 in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.26.

Institutional Trading of Millicom International Cellular

Several institutional investors have recently added to or reduced their stakes in TIGO. Blue Trust Inc. raised its holdings in Millicom International Cellular by 159.7% during the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,367 shares during the last quarter. National Bank of Canada FI bought a new position in Millicom International Cellular during the third quarter worth $76,000. Point72 Asset Management L.P. bought a new position in Millicom International Cellular during the third quarter worth $87,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Millicom International Cellular in the third quarter valued at $168,000. Finally, AQR Capital Management LLC bought a new stake in Millicom International Cellular during the second quarter valued at $215,000.

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.