Millicom International Cellular (NASDAQ:TIGO) Director Sells $20,993.28 in Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director Justine Dimovic sold 284 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $73.92, for a total transaction of $20,993.28. Following the sale, the director owned 8,562 shares in the company, valued at approximately $632,903.04. This trade represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Millicom International Cellular Price Performance

TIGO stock opened at $94.08 on Thursday. Millicom International Cellular SA has a 52-week low of $36.72 and a 52-week high of $95.75. The stock’s fifty day simple moving average is $86.28 and its 200-day simple moving average is $74.19. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 12.78 and a beta of 0.92.

Millicom International Cellular (NASDAQ:TIGO) last released its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. Equities research analysts expect that Millicom International Cellular SA will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

TIGO has been the topic of several research reports. Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Tuesday, May 26th. Finally, Scotiabank raised their target price on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Assetmark Inc. grew its position in shares of Millicom International Cellular by 31.1% in the 4th quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock worth $4,716,000 after acquiring an additional 20,194 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Millicom International Cellular by 4.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 413,983 shares of the technology company’s stock valued at $22,951,000 after acquiring an additional 16,126 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Millicom International Cellular during the 3rd quarter valued at approximately $1,539,000. Vestcor Inc lifted its stake in Millicom International Cellular by 31.9% during the fourth quarter. Vestcor Inc now owns 107,009 shares of the technology company’s stock worth $5,933,000 after purchasing an additional 25,880 shares during the last quarter. Finally, Causeway Capital Management LLC bought a new position in Millicom International Cellular during the third quarter worth $1,845,000.

About Millicom International Cellular

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.