11,000 Shares in Millicom International Cellular SA $TIGO Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in Millicom International Cellular SA (NASDAQ:TIGO) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 11,000 shares of the technology company’s stock, valued at approximately $412,000.

Other institutional investors have also recently bought and sold shares of the company. Boston Partners bought a new stake in shares of Millicom International Cellular in the first quarter valued at approximately $73,286,000. Militia Capital Partners LP bought a new position in Millicom International Cellular during the 1st quarter worth $908,000. GSA Capital Partners LLP bought a new position in Millicom International Cellular during the 1st quarter worth $1,648,000. Meritage Portfolio Management acquired a new position in Millicom International Cellular in the 2nd quarter valued at $5,321,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Millicom International Cellular by 52.7% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 703,267 shares of the technology company’s stock valued at $26,351,000 after acquiring an additional 242,569 shares during the period.

Analyst Ratings Changes

A number of research analysts recently commented on TIGO shares. Wall Street Zen upgraded Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Zacks Research upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. Scotiabank boosted their target price on shares of Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and increased their price target for the stock from $39.50 to $49.00 in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Millicom International Cellular has a consensus rating of “Moderate Buy” and a consensus target price of $43.47.

Millicom International Cellular Stock Up 1.6%

Shares of NASDAQ TIGO opened at $53.47 on Tuesday. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 9.43 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 1.59. Millicom International Cellular SA has a 12 month low of $23.61 and a 12 month high of $56.27. The stock has a 50-day moving average price of $48.62 and a two-hundred day moving average price of $43.27.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts forecast that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.