Millicom International Cellular SA (NASDAQ:TIGO) Given $83.00 Average Target Price by Analysts

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

Brokers have set a 1-year consensus target price of $83.00 for the company, according to Zacks. Zacks has also given Millicom International Cellular an industry rank of 223 out of 256 based on the ratings given to related companies.

A number of research firms have issued reports on TIGO. Zacks Investment Research upgraded Millicom International Cellular from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays upgraded Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a report on Friday, April 26th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its stake in shares of Millicom International Cellular by 0.9% in the second quarter. Gamco Investors INC. ET AL now owns 1,263,298 shares of the company’s stock worth $70,366,000 after acquiring an additional 10,881 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Millicom International Cellular by 0.9% in the second quarter. Gabelli Funds LLC now owns 104,791 shares of the company’s stock worth $5,837,000 after acquiring an additional 900 shares during the last quarter. Bar Harbor Trust Services purchased a new stake in shares of Millicom International Cellular in the first quarter worth $4,553,000. FMR LLC purchased a new stake in shares of Millicom International Cellular in the first quarter worth $1,495,000. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of Millicom International Cellular in the first quarter worth $1,482,000. 6.45% of the stock is currently owned by hedge funds and other institutional investors.

TIGO traded down $0.23 during trading on Friday, reaching $50.27. The stock had a trading volume of 16,896 shares, compared to its average volume of 25,506. The firm’s 50 day simple moving average is $55.33. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $5.17 billion, a P/E ratio of 173.34 and a beta of 0.74. Millicom International Cellular has a one year low of $49.57 and a one year high of $74.71.

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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