Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) shares saw an uptick in trading volume on Wednesday . 1,730,730 shares changed hands during mid-day trading, an increase of 463% from the previous session's volume of 307,440 shares.The stock last traded at $31.02 and had previously closed at $29.84.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Scotiabank lifted their price target on Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Millicom International Cellular from $33.00 to $41.00 and gave the stock an "overweight" rating in a research note on Thursday, April 3rd. Barclays reduced their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. 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 objective on the stock. Finally, Hsbc Global Res upgraded shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Millicom International Cellular presently has a consensus rating of "Moderate Buy" and an average target price of $35.65.
View Our Latest Report on TIGO
Millicom International Cellular Price Performance
The company has a fifty day moving average of $28.67 and a 200-day moving average of $27.06. The stock has a market cap of $5.58 billion, a PE ratio of 34.52 and a beta of 0.90. 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 was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is presently 202.70%.
Institutional Trading of Millicom International Cellular
A number of large investors have recently modified their holdings of the stock. State of Wyoming purchased a new stake in Millicom International Cellular during the 4th quarter worth about $49,000. Blue Trust Inc. grew its holdings 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 in the last quarter. Wells Fargo & Company MN grew its position in shares of Millicom International Cellular by 72.4% in the 4th 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 last quarter. Principal Securities Inc. lifted its position in Millicom International Cellular by 22.2% in the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Millicom International Cellular by 6.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock valued at $227,000 after purchasing an additional 545 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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