Millicom International Cellular (NASDAQ:TIGO) Upgraded at UBS Group

UBS Group upgraded shares of Millicom International Cellular (NASDAQ:TIGO) from a neutral rating to a buy rating in a report published on Thursday, MarketBeat.com reports. They currently have $33.00 price objective on the technology company’s stock, up from their previous price objective of $25.00.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research report on Tuesday, May 28th. They issued an overweight rating and a $30.00 price target for the company. HSBC downgraded shares of Millicom International Cellular from a buy rating to a hold rating in a research report on Tuesday, July 2nd. Scotiabank restated a sector perform rating and set a $30.00 price target on shares of Millicom International Cellular in a report on Wednesday, August 7th. Finally, Hsbc Global Res lowered Millicom International Cellular from a strong-buy rating to a hold rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $28.20.

Millicom International Cellular Trading Up 0.1 %

NASDAQ TIGO opened at $25.69 on Thursday. The firm’s 50 day moving average price is $24.56 and its two-hundred day moving average price is $21.61. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.84 and a current ratio of 0.86. Millicom International Cellular has a twelve month low of $14.46 and a twelve month high of $26.20. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 513.80 and a beta of 1.22.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Friday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). The business had revenue of $1.46 billion for the quarter. Millicom International Cellular had a net margin of 0.12% and a return on equity of 0.08%. During the same quarter last year, the company earned ($0.13) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Millicom International Cellular by 1,431.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,394 shares of the technology company’s stock worth $25,000 after buying an additional 1,303 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Millicom International Cellular by 217.9% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after acquiring an additional 780 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Millicom International Cellular during the 2nd quarter valued at about $67,000. Principal Securities Inc. bought a new position in shares of Millicom International Cellular in the 4th quarter valued at approximately $87,000. Finally, Summit Securities Group LLC acquired a new stake in Millicom International Cellular in the 2nd quarter worth approximately $98,000.

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.