Millicom International Cellular (TIGO) to Release Quarterly Earnings on Wednesday

Millicom International Cellular (NASDAQ:TIGO) will issue its quarterly earnings data before the market opens on Wednesday, May 8th. Investors interested in registering for the company’s conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Tuesday, February 27th. The technology company reported ($0.36) earnings per share (EPS) for the quarter. Millicom International Cellular had a negative net margin of 1.45% and a negative return on equity of 2.41%. The firm had revenue of $1.48 billion for the quarter.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO opened at $21.38 on Tuesday. The firm’s 50 day moving average is $19.61 and its two-hundred day moving average is $17.83. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 0.82. Millicom International Cellular has a 52 week low of $14.46 and a 52 week high of $21.41.

Analyst Upgrades and Downgrades

Several research firms recently commented on TIGO. New Street Research upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their target price for the company from $20.00 to $24.00 in a research report on Thursday, February 29th. HSBC raised their price target on Millicom International Cellular from $22.50 to $24.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Scotiabank boosted their price target on shares of Millicom International Cellular from $18.00 to $26.10 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. upgraded shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.70.

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.