MML Investors Services LLC Boosts Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

MML Investors Services LLC grew its position in Millicom International Cellular S.A. (NASDAQ:TIGO) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,815 shares of the technology company’s stock after acquiring an additional 750 shares during the quarter. MML Investors Services LLC’s holdings in Millicom International Cellular were worth $402,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Millicom International Cellular in the second quarter worth about $67,000. LB Partners LLC boosted its holdings in Millicom International Cellular by 0.4% during the 2nd quarter. LB Partners LLC now owns 502,000 shares of the technology company’s stock valued at $12,324,000 after acquiring an additional 2,000 shares during the period. Signaturefd LLC grew its position in Millicom International Cellular by 217.9% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock valued at $28,000 after acquiring an additional 780 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Millicom International Cellular in the second quarter worth $372,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Millicom International Cellular by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 104,013 shares of the technology company’s stock worth $2,554,000 after purchasing an additional 5,624 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $30.00 to $37.30 in a report on Friday, September 20th. JPMorgan Chase & Co. began coverage on shares of Millicom International Cellular in a research note on Friday, September 6th. They set an “overweight” rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.66.

Millicom International Cellular Trading Down 0.9 %

NASDAQ:TIGO opened at $24.23 on Tuesday. The firm has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $25.80. Millicom International Cellular S.A. has a one year low of $15.55 and a one year high of $28.75. The firm has a market cap of $2.47 billion, a P/E ratio of 25.78 and a beta of 1.19. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned ($0.03) EPS. Equities analysts anticipate that Millicom International Cellular S.A. will post 1.98 EPS for the current fiscal year.

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.