Millicom International Cellular SA (NASDAQ:TIGO) Receives Consensus Rating of “Strong Buy” from Analysts

Millicom International Cellular SA (NASDAQ:TIGO) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $83.00 for the company, according to Zacks. Zacks has also given Millicom International Cellular an industry rank of 182 out of 256 based on the ratings given to its competitors.

Several research analysts have weighed in on TIGO shares. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Thursday. Barclays set a $46.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, April 26th.

TIGO traded up $0.16 during trading hours on Thursday, reaching $57.52. The company’s stock had a trading volume of 15,700 shares, compared to its average volume of 22,096. Millicom International Cellular has a 52 week low of $49.57 and a 52 week high of $74.71. The company’s 50-day simple moving average is $55.55. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.77. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 198.34 and a beta of 0.76.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.34). The firm had revenue of $1.07 billion for the quarter. Millicom International Cellular had a negative return on equity of 0.24% and a negative net margin of 0.25%. Analysts predict that Millicom International Cellular will post 0.26 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new stake in shares of Millicom International Cellular during the 1st quarter worth $76,185,000. Gabelli Funds LLC acquired a new stake in shares of Millicom International Cellular during the 1st quarter worth $6,320,000. Bar Harbor Trust Services acquired a new stake in shares of Millicom International Cellular during the 1st quarter worth $4,553,000. FMR LLC acquired a new stake in shares of Millicom International Cellular during the 1st quarter worth $1,495,000. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in shares of Millicom International Cellular during the 1st quarter worth $1,482,000. Hedge funds and other institutional investors own 6.44% of the company’s stock.

Millicom International Cellular Company Profile

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.

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