Millicom International Cellular S.A. (NASDAQ:TIGO) Given Consensus Rating of "Buy" by Brokerages

Shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) have earned a consensus recommendation of "Buy" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.22.

A number of equities research analysts recently weighed in on TIGO shares. Hsbc Global Res raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Morgan Stanley assumed coverage on shares of Millicom International Cellular in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Finally, HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Perpetual Ltd bought a new position in shares of Millicom International Cellular in the fourth quarter valued at approximately $1,587,000. AQR Capital Management LLC bought a new position in shares of Millicom International Cellular in the second quarter valued at approximately $215,000. Blue Trust Inc. boosted its holdings in shares of Millicom International Cellular by 69.5% in the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock valued at $102,000 after acquiring an additional 1,544 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Millicom International Cellular by 5.3% in the third quarter. MML Investors Services LLC now owns 14,815 shares of the technology company's stock valued at $402,000 after acquiring an additional 750 shares in the last quarter. Finally, State Street Corp bought a new position in shares of Millicom International Cellular in the third quarter valued at approximately $231,000.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO traded up $0.06 during trading on Monday, reaching $27.20. 392,960 shares of the company's stock traded hands, compared to its average volume of 338,181. 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. The company has a 50 day moving average of $25.75 and a 200-day moving average of $26.24. The stock has a market capitalization of $4.68 billion, a P/E ratio of 28.94 and a beta of 1.18.

Millicom International Cellular Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 3rd were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular's dividend payout ratio (DPR) is presently 106.38%.

About Millicom International Cellular

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.