Millicom International Cellular SA (NASDAQ:TIGO) shares were down 2.1% during trading on Friday . The stock traded as low as $47.23 and last traded at $47.28, approximately 400 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 40,307 shares. The stock had previously closed at $48.28.
Several research firms have weighed in on TIGO. Bank of America cut their price objective on Millicom International Cellular from $83.00 to $76.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. ValuEngine raised Millicom International Cellular from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $76.00.
The company has a 50 day moving average of $47.87 and a two-hundred day moving average of $48.80. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.69 and a quick ratio of 0.67. The company has a market capitalization of $4.89 billion, a PE ratio of -28.51 and a beta of 0.65.
Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.16) by ($1.09). The firm had revenue of $1.10 billion for the quarter. Millicom International Cellular had a negative net margin of 3.88% and a negative return on equity of 8.30%. On average, equities analysts anticipate that Millicom International Cellular SA will post 0.39 EPS for the current year.
Several institutional investors have recently modified their holdings of the stock. First Trust Advisors LP bought a new position in Millicom International Cellular during the 3rd quarter valued at approximately $18,538,000. Morgan Stanley grew its position in Millicom International Cellular by 6,530.7% during the 2nd quarter. Morgan Stanley now owns 221,996 shares of the company’s stock valued at $12,366,000 after purchasing an additional 218,648 shares during the last quarter. Gabelli Funds LLC grew its position in Millicom International Cellular by 3.3% during the 3rd quarter. Gabelli Funds LLC now owns 108,291 shares of the company’s stock valued at $5,271,000 after purchasing an additional 3,500 shares during the last quarter. Royal Bank of Canada increased its stake in Millicom International Cellular by 35.4% during the 2nd quarter. Royal Bank of Canada now owns 24,500 shares of the company’s stock valued at $1,365,000 after purchasing an additional 6,400 shares in the last quarter. Finally, FMR LLC bought a new stake in Millicom International Cellular during the 1st quarter valued at about $1,495,000. Institutional investors own 6.86% of the company’s stock.
Millicom International Cellular Company Profile (NASDAQ:TIGO)
Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
Read More: What is the outlook for the FAANG stocks?
Receive News & Ratings for Millicom International Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Millicom International Cellular and related companies with MarketBeat.com's FREE daily email newsletter.