Millicom International Cellular (TIGO) Set to Announce Earnings on Wednesday

Millicom International Cellular (NASDAQ:TIGO) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Parties interested in participating in the company’s conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.36) EPS for the quarter. The firm had revenue of $1.48 billion during the quarter. Millicom International Cellular had a negative net margin of 1.45% and a negative return on equity of 2.41%.

Millicom International Cellular Stock Down 0.1 %

NASDAQ:TIGO opened at $20.47 on Wednesday. Millicom International Cellular has a 12 month low of $14.46 and a 12 month high of $20.81. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 0.82. The company’s 50-day moving average price is $19.19 and its two-hundred day moving average price is $17.68.

Analyst Ratings Changes

TIGO has been the topic of a number of recent analyst reports. New Street Research upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $24.00 in a research report on Thursday, February 29th. HSBC boosted their target price on shares of Millicom International Cellular from $22.50 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley raised shares of Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. raised shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 28th. Finally, Scotiabank boosted their target price on shares of Millicom International Cellular from $18.00 to $26.10 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

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.