Millicom International Cellular (TIGO) Expected to Announce Quarterly Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $1.47 billion for the quarter.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock opened at $26.15 on Thursday. Millicom International Cellular has a 52 week low of $15.55 and a 52 week high of $28.75. The business’s fifty day simple moving average is $25.87 and its 200-day simple moving average is $26.31. The firm has a market cap of $4.50 billion, a PE ratio of 27.82 and a beta of 1.18. 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 Cuts Dividend

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

Analysts Set New Price Targets

TIGO has been the topic of several recent analyst reports. Morgan Stanley began coverage on shares of Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $32.22.

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.