Millicom International Cellular S.A. (NASDAQ:TIGO – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.00.
A number of equities research analysts have recently commented on TIGO shares. HSBC cut shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Hsbc Global Res cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a report on Tuesday, May 28th. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Scotiabank upped their target price on shares of Millicom International Cellular from $26.80 to $30.00 and gave the company a “sector outperform” rating in a report on Friday, June 21st.
Get Our Latest Analysis on Millicom International Cellular
Millicom International Cellular Price Performance
Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.54 earnings per share for the quarter. Millicom International Cellular had a net margin of 0.12% and a return on equity of 0.08%. The firm had revenue of $1.49 billion during the quarter.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in TIGO. LB Partners LLC purchased a new position in Millicom International Cellular during the fourth quarter worth about $9,000,000. LWM Advisory Services LLC raised its holdings in Millicom International Cellular by 152.7% during the fourth quarter. LWM Advisory Services LLC now owns 29,422 shares of the technology company’s stock worth $530,000 after purchasing an additional 17,779 shares in the last quarter. Principal Securities Inc. purchased a new position in Millicom International Cellular during the fourth quarter worth about $87,000. Renaissance Group LLC raised its holdings in Millicom International Cellular by 6.5% during the fourth quarter. Renaissance Group LLC now owns 139,565 shares of the technology company’s stock worth $2,512,000 after purchasing an additional 8,508 shares in the last quarter. Finally, Optiver Holding B.V. raised its holdings in Millicom International Cellular by 216.0% during the fourth quarter. Optiver Holding B.V. now owns 56,615 shares of the technology company’s stock worth $1,019,000 after purchasing an additional 38,697 shares in the last quarter.
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.
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