Sierra Summit Advisors LLC purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,661 shares of the technology company’s stock, valued at approximately $979,000.
Several other large investors have also added to or reduced their stakes in the company. Marathon Asset Management Ltd grew its stake in Millicom International Cellular by 11.8% during the 4th quarter. Marathon Asset Management Ltd now owns 1,101,022 shares of the technology company’s stock valued at $61,074,000 after purchasing an additional 116,494 shares during the last quarter. Covestor Ltd grew its stake in Millicom International Cellular by 1,781.4% during the 4th quarter. Covestor Ltd now owns 5,475 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,184 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Millicom International Cellular during the 4th quarter valued at about $711,000. Tredje AP fonden purchased a new stake in Millicom International Cellular during the 4th quarter valued at about $60,459,000. Finally, AlphaCore Capital LLC purchased a new stake in Millicom International Cellular during the 4th quarter valued at about $307,000.
Analysts Set New Price Targets
TIGO has been the topic of several research analyst reports. Scotiabank boosted their price target on Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research note on Monday, March 30th. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, March 6th. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research raised Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.04.
Millicom International Cellular Price Performance
Shares of Millicom International Cellular stock opened at $84.11 on Thursday. The business has a 50 day simple moving average of $79.04 and a two-hundred day simple moving average of $65.08. Millicom International Cellular SA has a 12 month low of $35.49 and a 12 month high of $85.26. The stock has a market capitalization of $14.21 billion, a P/E ratio of 11.43 and a beta of 0.93. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60.
Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. As a group, analysts predict that Millicom International Cellular SA will post 3.76 EPS for the current fiscal year.
Millicom International Cellular Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.6%. Millicom International Cellular’s dividend payout ratio is presently 40.76%.
Millicom International Cellular Company Profile
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.
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