Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) announced a dividend on Friday, January 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, January 3rd will be given a dividend of 1.00 per share by the technology company on Friday, January 10th. The ex-dividend date of this dividend is Friday, January 3rd.
Millicom International Cellular Stock Performance
Shares of TIGO stock traded down $0.65 during trading hours on Friday, reaching $24.48. 329,512 shares of the company traded hands, compared to its average volume of 230,606. The firm has a 50-day moving average price of $25.74 and a 200 day moving average price of $25.81. The company has a market cap of $2.49 billion, a P/E ratio of 26.04 and a beta of 1.19. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. Millicom International Cellular has a 12-month low of $15.55 and a 12-month high of $28.75.
Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.38). The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.46 billion. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. Millicom International Cellular's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. As a group, sell-side analysts predict that Millicom International Cellular will post 1.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TIGO. JPMorgan Chase & Co. initiated coverage on Millicom International Cellular in a research note on Friday, September 6th. They issued an "overweight" rating and a $35.00 price target for the company. Scotiabank upgraded Millicom International Cellular from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $30.00 to $37.30 in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.66.
Read Our Latest Analysis on TIGO
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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