Millicom International Cellular (NASDAQ:TIGO - Get Free Report) had its price objective boosted by equities researchers at Scotiabank from $37.30 to $37.90 in a report released on Friday,Benzinga reports. The firm presently has a "sector outperform" rating on the technology company's stock. Scotiabank's price objective indicates a potential upside of 45.43% from the stock's current price.
A number of other analysts have also recently commented on the stock. Morgan Stanley initiated coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 target price for the company. HSBC upgraded shares of 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. Hsbc Global Res upgraded shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price objective 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. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $33.98.
Check Out Our Latest Stock Report on TIGO
Millicom International Cellular Stock Up 0.7 %
Shares of Millicom International Cellular stock traded up $0.17 on Friday, reaching $26.06. The stock had a trading volume of 780,067 shares, compared to its average volume of 411,948. The company has a 50 day moving average price of $26.30 and a 200 day moving average price of $26.41. 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 1 year low of $17.62 and a 1 year high of $28.98. The stock has a market capitalization of $4.48 billion, a P/E ratio of 27.72 and a beta of 1.18.
Hedge Funds Weigh In On Millicom International Cellular
Institutional investors have recently made changes to their positions in the company. Perpetual Ltd purchased a new position in shares of Millicom International Cellular during the 4th quarter valued at approximately $1,587,000. Blue Trust Inc. increased its holdings 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 valued at $102,000 after purchasing an additional 1,544 shares in the last quarter. MML Investors Services LLC increased its holdings 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 valued at $402,000 after purchasing an additional 750 shares in the last quarter. State Street Corp purchased a new position in shares of Millicom International Cellular during the 3rd quarter valued at approximately $231,000. Finally, Principal Securities Inc. increased its holdings in shares of Millicom International Cellular by 22.2% during the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after purchasing an additional 1,277 shares in the last quarter.
Millicom International Cellular Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Millicom International Cellular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Millicom International Cellular wasn't on the list.
While Millicom International Cellular currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
