Millicom International Cellular (TIGO) Expected to Announce Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $1.47 billion for the quarter.

Millicom International Cellular Trading Up 1.9 %

Millicom International Cellular stock traded up $0.50 during mid-day trading on Thursday, hitting $26.65. 313,446 shares of the company's stock were exchanged, compared to its average volume of 343,192. The company's 50 day simple moving average is $25.87 and its 200-day simple moving average is $26.31. Millicom International Cellular has a fifty-two week low of $15.55 and a fifty-two week high of $28.75. The firm has a market capitalization of $4.59 billion, a P/E ratio of 28.35 and a beta of 1.18. 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 Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular's dividend payout ratio is 106.38%.

Analyst Ratings Changes

Several analysts have issued reports on the company. HSBC raised Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price target on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Morgan Stanley assumed coverage on Millicom International Cellular in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of "Buy" and an average price target of $32.22.

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.