Millicom International Cellular S.A. (NASDAQ:TIGO – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $28.20.
A number of analysts have recently weighed in on the company. Hsbc Global Res cut Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. HSBC lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. assumed coverage on shares of Millicom International Cellular in a research report on Tuesday, May 28th. They issued an “overweight” rating and a $30.00 price objective for the company. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $33.00 in a research note on Thursday, August 15th. Finally, Scotiabank restated a “sector perform” rating and set a $30.00 price target on shares of Millicom International Cellular in a research note on Wednesday, August 7th.
Check Out Our Latest Research Report on Millicom International Cellular
Millicom International Cellular Stock Performance
Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last posted its earnings results on Friday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). Millicom International Cellular had a net margin of 0.12% and a return on equity of 0.08%. The firm had revenue of $1.46 billion for the quarter. During the same period last year, the firm earned ($0.13) earnings per share.
Institutional Trading of Millicom International Cellular
Several large investors have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of 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 last quarter. SG Americas Securities LLC raised its stake in shares of Millicom International Cellular by 13.1% during the 1st quarter. SG Americas Securities LLC now owns 7,925 shares of the technology company’s stock valued at $160,000 after buying an additional 920 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Millicom International Cellular by 1,431.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,394 shares of the technology company’s stock valued at $25,000 after buying an additional 1,303 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Millicom International Cellular by 11.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,441 shares of the technology company’s stock worth $477,000 after buying an additional 1,964 shares during the last quarter. Finally, LB Partners LLC grew its holdings in Millicom International Cellular by 0.4% during the second quarter. LB Partners LLC now owns 502,000 shares of the technology company’s stock worth $12,324,000 after acquiring an additional 2,000 shares during the period.
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.
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