Millicom International Cellular (NASDAQ:TIGO) Director Justine Dimovic Sells 284 Shares of 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 shares were sold at an average price of $73.92, for a total value of $20,993.28. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Millicom International Cellular Price Performance

Shares of NASDAQ:TIGO traded down $0.30 during trading on Tuesday, reaching $94.50. The stock had a trading volume of 47,157 shares, compared to its average volume of 1,550,096. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. Millicom International Cellular SA has a 1-year low of $36.59 and a 1-year high of $95.75. The stock has a market cap of $15.97 billion, a PE ratio of 12.92 and a beta of 0.92. The business has a fifty day moving average price of $85.88 and a 200-day moving average price of $73.62.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate 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 return on equity of 16.38% and a net margin of 19.16%. On average, equities analysts forecast that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TIGO. Allworth Financial LP increased its stake in Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after acquiring an additional 418 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Millicom International Cellular in the 4th quarter valued at $26,000. Blue Trust Inc. lifted its stake in shares of Millicom International Cellular by 736.2% in the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after purchasing an additional 427 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after purchasing an additional 269 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of Millicom International Cellular during the 4th quarter worth about $29,000.

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.