Millicom International Cellular (TIGO) Expected to Announce Quarterly Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO) is projected to post its quarterly earnings results 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 interested in registering for the company’s earnings conference call can do so using this link.

Millicom International Cellular Stock Up 1.1 %

Shares of NASDAQ TIGO opened at $27.70 on Wednesday. The company has a 50 day simple moving average of $26.01 and a 200 day simple moving average of $26.35. The firm has a market cap of $4.77 billion, a PE ratio of 29.47 and a beta of 1.18. Millicom International Cellular has a 1 year low of $15.55 and a 1 year high of $28.75. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64.

Millicom International Cellular Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio (DPR) is presently 106.38%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TIGO shares. JPMorgan Chase & Co. decreased their target price on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, January 22nd. Morgan Stanley initiated 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 objective for the company. Finally, 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. One research 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 company’s stock. According to MarketBeat.com, Millicom International Cellular has an average rating of “Buy” and a consensus 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.