Massachusetts Financial Services Co. MA Takes $1.75 Million Position in Millicom International Cellular SA $TIGO

Massachusetts Financial Services Co. MA purchased a new stake in Millicom International Cellular SA (NASDAQ:TIGO) during the fourth quarter, Holdings Channel.com reports. The firm purchased 31,517 shares of the technology company’s stock, valued at approximately $1,747,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TIGO. Royal Bank of Canada increased its holdings in shares of Millicom International Cellular by 48.1% in the 1st quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock valued at $1,398,000 after acquiring an additional 14,990 shares during the period. AQR Capital Management LLC increased its holdings in shares of Millicom International Cellular by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock valued at $290,000 after acquiring an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Millicom International Cellular in the 1st quarter valued at $2,188,000. Goldman Sachs Group Inc. purchased a new position in Millicom International Cellular during the 1st quarter worth $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Millicom International Cellular during the 1st quarter worth $8,504,000.

Millicom International Cellular Stock Down 0.6%

Millicom International Cellular stock opened at $81.38 on Friday. 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 business’s 50-day simple moving average is $73.14 and its two-hundred day simple moving average is $59.78. The company has a market cap of $13.75 billion, a PE ratio of 10.37 and a beta of 0.87. Millicom International Cellular SA has a fifty-two week low of $30.26 and a fifty-two week high of $84.44.

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

Millicom International Cellular Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Thursday, April 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s payout ratio is 38.22%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Friday, March 6th. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley restated a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $70.00 in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular currently has an average rating of “Moderate Buy” and a consensus price target of $65.64.

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.