Mirabella Financial Services LLP Takes Position in Millicom International Cellular SA $TIGO

Mirabella Financial Services LLP acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 31,706 shares of the technology company’s stock, valued at approximately $1,539,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in Millicom International Cellular by 155.4% during the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after acquiring an additional 314 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Millicom International Cellular in the third quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Millicom International Cellular in the third quarter valued at approximately $28,000. Ameritas Advisory Services LLC purchased a new position in shares of Millicom International Cellular during the 3rd quarter worth approximately $32,000. Finally, CWM LLC acquired a new position in shares of Millicom International Cellular during the 3rd quarter worth approximately $42,000.

Wall Street Analyst Weigh In

TIGO has been the topic of a number of recent research reports. Zacks Research lowered Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Morgan Stanley reissued a “positive” rating and issued a $55.00 price target on shares of Millicom International Cellular in a report on Thursday, February 26th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $70.00 in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Finally, HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular currently has an average rating of “Hold” and an average target price of $59.33.

Millicom International Cellular Trading Up 1.2%

Shares of TIGO opened at $73.58 on Friday. The stock has a fifty day moving average of $65.11 and a two-hundred day moving average of $55.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.88. The company has a market capitalization of $12.66 billion, a PE ratio of 9.37 and a beta of 0.90. Millicom International Cellular SA has a fifty-two week low of $26.35 and a fifty-two week high of $75.25.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.45. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, analysts forecast that Millicom International Cellular SA will post 1.91 EPS for the current year.

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.