Millicom International Cellular SA (NASDAQ:TIGO) Receives Consensus Recommendation of “Hold” from Analysts

Millicom International Cellular SA (NASDAQ:TIGO) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.00.

Several research analysts have recently commented on TIGO shares. Zacks Research cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. UBS Group raised Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $70.00 in a research report on Thursday, January 15th. JPMorgan Chase & Co. upped their target price on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday, January 22nd. Finally, Scotiabank cut Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $46.80 to $43.00 in a research report on Wednesday, February 11th.

Millicom International Cellular Price Performance

NASDAQ:TIGO opened at $63.95 on Friday. Millicom International Cellular has a 52 week low of $25.50 and a 52 week high of $68.93. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93. The firm’s 50-day simple moving average is $58.36 and its 200 day simple moving average is $51.71. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 9.79 and a beta of 0.93.

Institutional Trading of Millicom International Cellular

A number of institutional investors and hedge funds have recently made changes to their positions in TIGO. Smartleaf Asset Management LLC increased its stake in Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Millicom International Cellular by 1,129.7% in the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Millicom International Cellular in the 3rd quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in shares of Millicom International Cellular during the 4th quarter worth $26,000. Finally, Blue Trust Inc. lifted its position in shares of Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after buying an additional 427 shares during the last quarter.

Millicom International Cellular Company Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.