Millicom International Cellular (TIGO) Set to Announce Quarterly Earnings on Wednesday

Millicom International Cellular (NASDAQ:TIGO) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.36) earnings per share (EPS) for the quarter. Millicom International Cellular had a negative net margin of 1.45% and a negative return on equity of 2.41%. The company had revenue of $1.48 billion for the quarter.

Millicom International Cellular Stock Down 0.3 %

Shares of Millicom International Cellular stock opened at $21.27 on Monday. The stock’s 50-day simple moving average is $19.49 and its 200-day simple moving average is $17.79. Millicom International Cellular has a 52 week low of $14.46 and a 52 week high of $21.38. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 0.82.

Analysts Set New Price Targets

TIGO has been the topic of several research analyst reports. HSBC boosted their price objective on Millicom International Cellular from $22.50 to $24.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. New Street Research upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $24.00 in a research report on Thursday, February 29th. JPMorgan Chase & Co. upgraded Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 28th. Finally, Scotiabank boosted their price objective on Millicom International Cellular from $18.00 to $26.10 and gave the company a “sector outperform” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.70.

Millicom International Cellular Company Profile

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.