Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.20 and last traded at $28.93, with a volume of 365178 shares trading hands. The stock had previously closed at $28.21.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TIGO. 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. JPMorgan Chase & Co. decreased their target price 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. Scotiabank boosted their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a report on Friday, February 28th. 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 target for the company. Finally, HSBC raised shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price target for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Millicom International Cellular presently has an average rating of "Buy" and an average price target of $33.98.
View Our Latest Report on Millicom International Cellular
Millicom International Cellular Stock Performance
The company has a market cap of $4.91 billion, a PE ratio of 30.35 and a beta of 1.23. The firm's fifty day moving average is $26.51 and its 200 day moving average is $26.45. 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 Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.75 per share. This represents a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 8th. Millicom International Cellular's payout ratio is 202.70%.
Institutional Investors Weigh In On Millicom International Cellular
Large investors have recently modified their holdings of the business. State of Wyoming purchased a new stake in shares of Millicom International Cellular during the fourth quarter worth $49,000. National Bank of Canada FI purchased a new stake in shares of Millicom International Cellular in the third quarter valued at about $76,000. Point72 Asset Management L.P. purchased a new stake in shares of Millicom International Cellular in the third quarter valued at about $87,000. Blue Trust Inc. grew its holdings in shares of Millicom International Cellular by 69.5% in the fourth 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 during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Millicom International Cellular by 72.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after purchasing an additional 2,055 shares during the period.
About Millicom International Cellular
(
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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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