Millicom International Cellular (NASDAQ:TIGO) Director Sells 284 Shares of Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director Bruce Churchill sold 284 shares of Millicom International Cellular stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $73.92, for a total value of $20,993.28. Following the sale, the director directly owned 26,729 shares of the company’s stock, valued at approximately $1,975,807.68. This represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Millicom International Cellular Price Performance

Shares of TIGO stock opened at $93.76 on Monday. The stock’s 50-day simple moving average is $85.67 and its 200-day simple moving average is $73.33. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. The firm has a market capitalization of $15.85 billion, a PE ratio of 12.74 and a beta of 0.92. Millicom International Cellular SA has a fifty-two week low of $36.59 and a fifty-two week high of $95.38.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Millicom International Cellular by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 866 shares of the technology company’s stock worth $65,000 after buying an additional 139 shares during the last quarter. EWA LLC raised its stake in Millicom International Cellular by 2.5% in the 4th quarter. EWA LLC now owns 7,025 shares of the technology company’s stock valued at $389,000 after purchasing an additional 169 shares during the last quarter. Altshuler Shaham Ltd raised its stake in Millicom International Cellular by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 633 shares of the technology company’s stock valued at $47,000 after purchasing an additional 170 shares during the last quarter. Vident Advisory LLC lifted its holdings in Millicom International Cellular by 2.3% in the 4th quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock valued at $635,000 after purchasing an additional 254 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Millicom International Cellular by 896.7% in the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock valued at $27,000 after purchasing an additional 269 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on TIGO. JPMorgan Chase & Co. upped their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a report on Tuesday, May 26th. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Finally, Scotiabank upped their target price 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 issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.28.

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.