Millicom International Cellular S.A. (NASDAQ:TIGO) Receives $33.98 Consensus Target Price from Analysts

Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) has earned a consensus rating of "Buy" from the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $33.98.

Several brokerages have commented on TIGO. Morgan Stanley began coverage on shares of Millicom International Cellular in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 target price for the company. 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. 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 report on Wednesday, January 22nd. Scotiabank raised their target price on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a report on Friday, February 28th. Finally, 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 report on Thursday, January 16th.

Millicom International Cellular Price Performance

Shares of TIGO traded up $0.32 during mid-day trading on Friday, hitting $28.53. The company's stock had a trading volume of 1,512,253 shares, compared to its average volume of 466,958. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $26.45. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 30.35 and a beta of 1.23. 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 fifty-two week low of $18.09 and a fifty-two week high of $29.20.

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Millicom International Cellular Announces Dividend

The business 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 dividend of $0.75 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, April 8th. Millicom International Cellular's dividend payout ratio is currently 202.70%.

Institutional Trading of Millicom International Cellular

Institutional investors have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in shares of Millicom International Cellular during the fourth quarter worth approximately $49,000. National Bank of Canada FI acquired a new stake in Millicom International Cellular in the third quarter valued at approximately $76,000. Point72 Asset Management L.P. acquired a new stake in Millicom International Cellular in the third quarter valued at approximately $87,000. Blue Trust Inc. lifted its stake in 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 during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Millicom International Cellular by 72.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after acquiring an additional 2,055 shares during the last quarter.

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.