Millicom International Cellular S.A. (NASDAQ:TIGO - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 760,500 shares, a decrease of 46.4% from the January 31st total of 1,420,000 shares. Based on an average daily volume of 266,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.8% of the shares of the stock are short sold.
Hedge Funds Weigh In On Millicom International Cellular
Several hedge funds have recently added to or reduced their stakes in the stock. Perpetual Ltd purchased a new position in shares of Millicom International Cellular in the 4th quarter valued at $1,587,000. Blue Trust Inc. grew its holdings in shares of Millicom International Cellular by 69.5% during the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after purchasing an additional 1,544 shares during the last quarter. MML Investors Services LLC increased its position in shares of 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 worth $402,000 after purchasing an additional 750 shares in the last quarter. State Street Corp purchased a new stake in shares of Millicom International Cellular in the 3rd quarter valued at about $231,000. Finally, Principal Securities Inc. boosted its position in shares of Millicom International Cellular by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after purchasing an additional 1,277 shares during the period.
Millicom International Cellular Stock Up 0.9 %
Shares of Millicom International Cellular stock traded up $0.24 during trading on Tuesday, hitting $26.13. 519,648 shares of the stock were exchanged, compared to its average volume of 407,122. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The firm's 50-day moving average price is $26.26 and its 200 day moving average price is $26.40. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 27.80 and a beta of 1.18. Millicom International Cellular has a 12-month low of $17.62 and a 12-month high of $28.98.
Millicom International Cellular Announces Dividend
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular's dividend payout ratio is currently 202.70%.
Analysts Set New Price Targets
A number of research firms have weighed in on TIGO. HSBC raised shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price on the stock in a research note on Wednesday, January 22nd. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price target on shares of Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. Scotiabank boosted their target price on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research note on Friday. Finally, Morgan Stanley assumed coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price target on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $33.98.
View Our Latest Stock Report on TIGO
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.
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