Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Update

Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 125,100 shares, an increase of 23.6% from the December 31st total of 101,200 shares. Based on an average daily trading volume, of 130,800 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company's shares are sold short.

Millicom International Cellular Stock Down 1.9 %

Shares of NASDAQ:TIGO traded down $0.51 during trading on Friday, reaching $26.70. The stock had a trading volume of 285,266 shares, compared to its average volume of 315,346. The firm's 50-day simple moving average is $25.55 and its 200 day simple moving average is $26.12. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. Millicom International Cellular has a one year low of $15.55 and a one year high of $28.75. The company has a market capitalization of $4.59 billion, a P/E ratio of 28.40 and a beta of 1.17.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates 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 was up .5% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. As a group, research analysts expect that Millicom International Cellular will post 2.05 EPS for the current fiscal year.

Millicom International Cellular Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were given a dividend of $1.00 per share. The ex-dividend date was Friday, January 3rd. Millicom International Cellular's dividend payout ratio is currently 106.38%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley initiated coverage on Millicom International Cellular in a report on Wednesday. They set an "equal weight" rating and a $32.00 price objective for the company. Hsbc Global Res upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. HSBC raised shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Millicom International Cellular currently has an average rating of "Buy" and an average price target of $32.22.

Institutional Investors Weigh In On Millicom International Cellular

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIGO. Principal Securities Inc. increased its holdings in shares of Millicom International Cellular by 22.2% during the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after acquiring an additional 1,277 shares in the last quarter. LB Partners LLC increased its stake in Millicom International Cellular by 1.4% during the 4th quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock valued at $12,978,000 after purchasing an additional 7,000 shares in the last quarter. Blue Trust Inc. raised 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 worth $102,000 after buying an additional 1,544 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Millicom International Cellular during the fourth quarter worth $1,587,000. Finally, TT International Asset Management LTD purchased a new stake in shares of Millicom International Cellular during the fourth quarter valued at $252,000.

Millicom International Cellular Company Profile

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.