Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $25.13, but opened at $24.06. Millicom International Cellular shares last traded at $24.03, with a volume of 17,219 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Scotiabank upgraded shares of Millicom International Cellular from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $30.00 to $37.30 in a research note on Friday, September 20th. JPMorgan Chase & Co. assumed coverage on shares of Millicom International Cellular in a report on Friday, September 6th. They issued an "overweight" rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.66.
Read Our Latest Report on TIGO
Millicom International Cellular Price Performance
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 stock's 50 day moving average price is $25.74 and its two-hundred day moving average price is $25.81. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 26.04 and a beta of 1.19.
Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.38). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The firm's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. On average, equities research analysts anticipate that Millicom International Cellular S.A. will post 1.98 EPS for the current year.
Millicom International Cellular Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Friday, January 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, January 3rd. Millicom International Cellular's payout ratio is 280.85%.
Institutional Investors Weigh In On Millicom International Cellular
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in shares of Millicom International Cellular by 35.4% during the 2nd quarter. Renaissance Technologies LLC now owns 320,747 shares of the technology company's stock worth $7,874,000 after purchasing an additional 83,939 shares in the last quarter. Millennium Management LLC lifted its position in Millicom International Cellular by 138.9% in the second quarter. Millennium Management LLC now owns 270,373 shares of the technology company's stock worth $6,638,000 after purchasing an additional 157,205 shares during the period. AQR Capital Management LLC bought a new stake in Millicom International Cellular in the 2nd quarter valued at $215,000. MML Investors Services LLC increased its holdings in Millicom International Cellular by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 14,815 shares of the technology company's stock valued at $402,000 after buying an additional 750 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Millicom International Cellular by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 104,013 shares of the technology company's stock valued at $2,554,000 after buying an additional 5,624 shares in the last quarter.
About Millicom International Cellular
(
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.
See Also
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 "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for January 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
