Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday after the company announced a dividend. The stock traded as high as $31.63 and last traded at $31.22, with a volume of 912344 shares. The stock had previously closed at $31.13.
The newly announced dividend which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is 202.70%.
Wall Street Analyst Weigh In
Several research firms have commented on TIGO. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Morgan Stanley began coverage on 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. JPMorgan Chase & Co. cut their price target on Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. HSBC raised 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. Finally, Scotiabank upped their price target on Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Millicom International Cellular currently has a consensus rating of "Buy" and a consensus price target of $33.98.
Check Out Our Latest Stock Analysis on TIGO
Millicom International Cellular Stock Performance
The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average price of $27.58 and a 200-day moving average price of $26.73. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 31.85 and a beta of 1.23.
Hedge Funds Weigh In On Millicom International Cellular
A number of hedge funds have recently modified their holdings of TIGO. State of Wyoming bought a new stake in Millicom International Cellular during the 4th quarter worth approximately $49,000. National Bank of Canada FI bought a new stake in Millicom International Cellular during the 3rd quarter worth approximately $76,000. Point72 Asset Management L.P. bought a new stake in Millicom International Cellular during the 3rd quarter worth approximately $87,000. Blue Trust Inc. grew its position in Millicom International Cellular by 69.5% during the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Millicom International Cellular by 72.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock worth $122,000 after acquiring an additional 2,055 shares during the last quarter.
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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