Millicom International Cellular SA (TIGO) Given Consensus Recommendation of “Strong Buy” by Brokerages

Millicom International Cellular SA (NASDAQ:TIGO) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $82.00 for the company, according to Zacks. Zacks has also assigned Millicom International Cellular an industry rank of 82 out of 255 based on the ratings given to its competitors.

Separately, TheStreet cut shares of Millicom International Cellular from a “c” rating to a “d+” rating in a research note on Monday, February 11th.

An institutional investor recently bought a new position in Millicom International Cellular stock. Beese Fulmer Investment Management Inc. purchased a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,252 shares of the company’s stock, valued at approximately $1,482,000. Hedge funds and other institutional investors own 1.79% of the company’s stock.

TIGO traded up $0.86 on Wednesday, hitting $62.46. 9,700 shares of the company’s stock were exchanged, compared to its average volume of 16,819. Millicom International Cellular has a fifty-two week low of $53.26 and a fifty-two week high of $74.71. The company has a quick ratio of 0.56, a current ratio of 0.57 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.20 billion, a PE ratio of 215.38 and a beta of 0.85.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Thursday, February 7th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($1.25). Millicom International Cellular had a positive return on equity of 0.91% and a negative net margin of 0.18%. The business had revenue of $1.01 billion for the quarter. As a group, research analysts anticipate that Millicom International Cellular will post 1.32 earnings per share for the current year.

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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