Millicom International Cellular (NASDAQ:TIGO) Given New $37.90 Price Target at Scotiabank

Millicom International Cellular (NASDAQ:TIGO) had its target price boosted by Scotiabank from $37.30 to $37.90 in a report published on Friday morning,Benzinga reports. They currently have a sector outperform rating on the technology company’s stock.

A number of other equities research analysts have also commented on TIGO. JPMorgan Chase & Co. reduced their price target on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. HSBC upgraded 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 began coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Buy” and an average target price of $33.98.

Millicom International Cellular Trading Down 3.2 %

NASDAQ TIGO opened at $26.28 on Friday. The business’s 50-day moving average price is $26.23 and its two-hundred day moving average price is $26.39. Millicom International Cellular has a 12 month low of $17.62 and a 12 month high of $28.98. The firm has a market capitalization of $4.52 billion, a PE ratio of 27.96 and a beta of 1.18. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59.

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 paid 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%.

Institutional Trading of Millicom International Cellular

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vident Advisory LLC raised its stake in shares of Millicom International Cellular by 24.7% in the fourth quarter. Vident Advisory LLC now owns 10,440 shares of the technology company’s stock worth $261,000 after purchasing an additional 2,071 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Millicom International Cellular in the fourth quarter worth approximately $1,319,000. Two Sigma Advisers LP purchased a new stake in shares of Millicom International Cellular in the fourth quarter worth approximately $988,000. Two Sigma Investments LP raised its stake in shares of Millicom International Cellular by 229.3% in the fourth quarter. Two Sigma Investments LP now owns 57,113 shares of the technology company’s stock worth $1,428,000 after purchasing an additional 39,771 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Millicom International Cellular in the fourth quarter worth approximately $49,000.

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.