Shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $35.65.
TIGO has been the subject of a number of recent analyst reports. HSBC raised Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley initiated coverage on shares of Millicom International Cellular in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 target price on the stock. Scotiabank upped their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research report on Friday, February 28th. Finally, Barclays cut their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday.
Read Our Latest Stock Report on TIGO
Millicom International Cellular Trading Down 6.6 %
TIGO stock traded down $2.01 during midday trading on Tuesday, hitting $28.49. The stock had a trading volume of 901,564 shares, compared to its average volume of 268,497. Millicom International Cellular has a 12-month low of $19.50 and a 12-month high of $31.63. The firm has a market cap of $4.90 billion, a PE ratio of 30.31 and a beta of 1.23. The company's 50-day moving average price is $28.21 and its 200 day moving average price is $26.94. 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 Dividend Announcement
The firm also recently declared an annual dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's payout ratio is 202.70%.
Hedge Funds Weigh In On Millicom International Cellular
A number of hedge funds have recently made changes to their positions in the business. Southeastern Asset Management Inc. TN purchased a new stake in Millicom International Cellular during the 4th quarter worth $60,306,000. Park West Asset Management LLC acquired a new position in shares of Millicom International Cellular during the fourth quarter worth about $6,165,000. Brandes Investment Partners LP boosted its position in shares of Millicom International Cellular by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock worth $114,402,000 after buying an additional 68,061 shares during the period. Perpetual Ltd acquired a new position in Millicom International Cellular during the 4th quarter worth approximately $1,587,000. Finally, Squarepoint Ops LLC acquired a new position in Millicom International Cellular during the 4th quarter worth approximately $1,319,000.
About Millicom International Cellular
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Get Free ReportMillicom 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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