Millicom International Cellular S.A. (NASDAQ:TIGO) Receives $32.22 Consensus Price Target from Analysts

Millicom International Cellular S.A. (NASDAQ:TIGO) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $32.22.

A number of research analysts have weighed in on TIGO shares. Hsbc Global Res raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a 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 for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on 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. Finally, Morgan Stanley started 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 for the company.

Institutional Investors Weigh In On Millicom International Cellular

Institutional investors have recently modified their holdings of the stock. Perpetual Ltd bought a new stake in shares of Millicom International Cellular in the 4th quarter valued at approximately $1,587,000. AQR Capital Management LLC bought a new stake in shares of Millicom International Cellular during the 2nd quarter worth approximately $215,000. Blue Trust Inc. lifted its stake in shares of Millicom International Cellular by 69.5% during the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock worth $102,000 after acquiring an additional 1,544 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Millicom International Cellular by 5.3% during the 3rd quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock worth $402,000 after acquiring an additional 750 shares during the last quarter. Finally, State Street Corp bought a new stake in shares of Millicom International Cellular during the 3rd quarter worth approximately $231,000.

Millicom International Cellular Trading Up 1.5 %

Millicom International Cellular stock opened at $27.14 on Monday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 28.87 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 has a 12 month low of $15.55 and a 12 month high of $28.75. The business’s fifty day simple moving average is $25.72 and its two-hundred day simple moving average is $26.24.

Millicom International Cellular Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were paid a dividend of $1.00 per share. The ex-dividend date was Friday, January 3rd. Millicom International Cellular’s payout ratio is presently 106.38%.

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.