Millicom International Cellular S.A. (NASDAQ:TIGO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Millicom International Cellular S.A. (NASDAQ:TIGO) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.26.

Separately, JPMorgan Chase & Co. decreased their price target 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, January 16th.

Millicom International Cellular Stock Performance

NASDAQ:TIGO opened at $27.01 on Thursday. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 28.73 and a beta of 1.17. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. Millicom International Cellular has a 52 week low of $15.55 and a 52 week high of $28.75. The company has a fifty day simple moving average of $25.34 and a two-hundred day simple moving average of $25.97.

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

Millicom International Cellular Cuts Dividend

The firm also recently declared 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 106.38%.

Institutional Trading of Millicom International Cellular

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Millicom International Cellular by 159.7% during the third 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 in the last quarter. National Bank of Canada FI purchased a new stake in Millicom International Cellular in the third quarter valued at approximately $76,000. Point72 Asset Management L.P. purchased a new stake in Millicom International Cellular in the third quarter valued at approximately $87,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Millicom International Cellular in the third quarter valued at approximately $168,000. Finally, AQR Capital Management LLC purchased a new position in shares of Millicom International Cellular during the second quarter worth approximately $215,000.

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.