Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,780,000 shares, a growth of 29.0% from the March 15th total of 1,380,000 shares. Based on an average daily trading volume, of 778,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.8% of the company's shares are short sold.
Millicom International Cellular Price Performance
Shares of NASDAQ TIGO opened at $32.45 on Friday. The business has a 50 day moving average price of $28.67 and a two-hundred day moving average price of $27.06. Millicom International Cellular has a fifty-two week low of $19.92 and a fifty-two week high of $32.46. The firm has a market cap of $5.58 billion, a PE ratio of 34.52 and a beta of 0.90. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.
Millicom International Cellular Dividend Announcement
The business also recently declared an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio is presently 202.70%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Millicom International Cellular by 6.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock valued at $227,000 after purchasing an additional 545 shares in the last quarter. MML Investors Services LLC raised its stake in Millicom International Cellular by 5.3% during the third quarter. MML Investors Services LLC now owns 14,815 shares of the technology company's stock valued at $402,000 after buying an additional 750 shares in the last quarter. Principal Securities Inc. lifted its holdings in Millicom International Cellular by 22.2% during the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock worth $176,000 after buying an additional 1,277 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Millicom International Cellular by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 154,661 shares of the technology company's stock worth $3,868,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Millicom International Cellular by 69.5% in the 4th 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.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports 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. JPMorgan Chase & Co. raised their price objective on Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Barclays decreased their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, April 3rd. HSBC upgraded Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a report on Wednesday, January 22nd. Finally, Morgan Stanley began coverage on Millicom International Cellular in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price target for the company. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.65.
View Our Latest Stock Analysis on Millicom International Cellular
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.
Further Reading
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