Gabelli Weighs in on Millicom International Cellular SA’s FY2017 Earnings (OTCMKTS:MIICF)

Millicom International Cellular SA (OTCMKTS:MIICF) – Stock analysts at Gabelli cut their FY2017 earnings estimates for shares of Millicom International Cellular in a research note issued to investors on Wednesday, Zacks Investment Research reports. Gabelli analyst S. Dluzhevskiy now expects that the technology company will earn $0.05 per share for the year, down from their prior forecast of $1.05. Gabelli also issued estimates for Millicom International Cellular’s FY2018 earnings at $1.85 EPS, FY2019 earnings at $2.45 EPS, FY2020 earnings at $2.80 EPS and FY2021 earnings at $3.10 EPS.

Separately, Zacks Investment Research lowered shares of Millicom International Cellular from a “hold” rating to a “sell” rating in a report on Saturday, November 18th.

Millicom International Cellular (OTCMKTS:MIICF) traded up $0.05 during midday trading on Friday, hitting $65.55. 23,593 shares of the company’s stock were exchanged, compared to its average volume of 3,817. The company has a market capitalization of $6,661.35, a PE ratio of 59.01, a PEG ratio of 38.53 and a beta of 1.49. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 1.21. Millicom International Cellular has a 12-month low of $41.40 and a 12-month high of $74.50.

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About Millicom International Cellular

Millicom International Cellular SA is an international telecommunications and media company. The Company is engaged in providing digital lifestyle services in various markets, through mobile and fixed telephony, cable, broadband and television. Its segments include Latin America and Africa. It operates its mobile businesses in Central America (El Salvador) and in Africa (Chad, Ghana, Rwanda, Senegal and Tanzania).

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