Millicom International Cellular SA (NASDAQ:TIGO) Given Consensus Rating of “Hold” by Brokerages

Millicom International Cellular SA (NASDAQ:TIGO) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $85.6833.

Several research analysts have issued reports on TIGO shares. Weiss Ratings downgraded Millicom International Cellular from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Zacks Research raised Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Royal Bank Of Canada set a $105.00 price objective on Millicom International Cellular in a research report on Tuesday, August 18th. Finally, Scotiabank boosted their price objective on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a report on Friday, August 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its position 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 worth $25,000 after purchasing an additional 418 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Millicom International Cellular in the 4th quarter valued at $26,000. Versant Capital Management Inc raised its stake in 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 buying an additional 269 shares during the period. EverSource Wealth Advisors LLC raised its stake in Millicom International Cellular by 55.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after buying an additional 502 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Millicom International Cellular during the fourth quarter worth about $61,000.

Millicom International Cellular Stock Performance

Shares of TIGO opened at $94.83 on Tuesday. The stock has a fifty day moving average price of $94.67 and a two-hundred day moving average price of $85.16. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53. Millicom International Cellular has a 52-week low of $44.88 and a 52-week high of $107.13. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 23.95 and a beta of 0.92.

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.