Shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) saw an uptick in trading volume on Monday . 160,779 shares changed hands during trading, a decline of 17% from the previous session's volume of 194,671 shares.The stock last traded at $30.91 and had previously closed at $30.38.
Analysts Set New Price Targets
TIGO has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 target price on the stock. Hsbc Global Res raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price target on shares of Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. HSBC raised 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. Finally, Scotiabank upped their target price on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research 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 presently has an average rating of "Buy" and an average price target of $33.98.
Read Our Latest Report on TIGO
Millicom International Cellular Stock Performance
The firm has a market capitalization of $5.15 billion, a P/E ratio of 31.85 and a beta of 1.23. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The firm has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $26.70.
Millicom International Cellular Dividend Announcement
The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be given 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%.
Hedge Funds Weigh In On Millicom International Cellular
A number of institutional investors have recently modified their holdings of the stock. State of Wyoming purchased a new stake in shares of Millicom International Cellular in the fourth quarter valued at approximately $49,000. National Bank of Canada FI bought a new stake in Millicom International Cellular during the 3rd quarter valued at $76,000. Point72 Asset Management L.P. purchased a new stake in shares of Millicom International Cellular in the 3rd quarter worth $87,000. Blue Trust Inc. grew its position 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 worth $102,000 after buying an additional 1,544 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Millicom International Cellular by 72.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after buying an additional 2,055 shares during the period.
Millicom International Cellular Company Profile
(
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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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