77,282 Shares in Millicom International Cellular SA $TIGO Purchased by Saudi Central Bank

Saudi Central Bank acquired a new stake in Millicom International Cellular SA (NASDAQ:TIGO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 77,282 shares of the technology company’s stock, valued at approximately $7,014,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Millicom International Cellular during the 4th quarter worth $26,000. Versant Capital Management Inc boosted its position 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 buying an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Millicom International Cellular by 55.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock valued at $53,000 after buying an additional 502 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Millicom International Cellular in the 4th quarter valued at $61,000.

Millicom International Cellular Stock Down 1.1%

Shares of Millicom International Cellular stock opened at $94.83 on Friday. The business has a fifty day simple moving average of $94.62 and a 200 day simple moving average of $84.83. The stock has a market cap of $16.03 billion, a PE ratio of 23.95 and a beta of 0.92. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07. Millicom International Cellular SA has a 12 month low of $44.88 and a 12 month high of $107.13.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TIGO shares. UBS Group upped their price target on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $105.00 target price (up from $100.00) on shares of Millicom International Cellular in a research report on Tuesday, August 18th. Weiss Ratings lowered shares of Millicom International Cellular from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Hold” and a consensus target price of $85.68.

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.