Millicom International Cellular (TIGO) Scheduled to Post Quarterly Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.05). Millicom International Cellular had a net margin of 1.83% and a return on equity of 2.91%. The business had revenue of $1.46 billion during the quarter. During the same period in the previous year, the business posted ($0.13) EPS. On average, analysts expect Millicom International Cellular to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Millicom International Cellular Stock Down 0.9 %

Shares of TIGO traded down $0.24 during mid-day trading on Thursday, hitting $27.56. 58,391 shares of the company traded hands, compared to its average volume of 97,132. The business has a 50 day moving average of $27.04 and a 200 day moving average of $24.87. The company has a market capitalization of $2.80 billion, a PE ratio of 556.00 and a beta of 1.23. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.72. Millicom International Cellular has a 1-year low of $15.53 and a 1-year high of $28.75.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Millicom International Cellular in a report on Friday, September 6th. They issued an "overweight" rating and a $35.00 price target for the company. Scotiabank upgraded shares of Millicom International Cellular from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $30.00 to $37.30 in a research note on Friday, September 20th. Finally, UBS Group upgraded shares of Millicom International Cellular from a "neutral" rating to a "buy" rating and boosted their target price for the company from $25.00 to $33.00 in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.66.

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.