Millicom International Cellular S.A. to Issue Dividend of $1.00 (NASDAQ:TIGO)

Millicom International Cellular S.A. (NASDAQ:TIGO) announced a dividend on Friday, January 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, January 3rd will be paid a dividend of 1.00 per share by the technology company on Friday, January 10th. The ex-dividend date of this dividend is Friday, January 3rd.

Millicom International Cellular Stock Down 2.6 %

TIGO stock opened at $24.48 on Friday. Millicom International Cellular has a fifty-two week low of $15.55 and a fifty-two week high of $28.75. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 26.04 and a beta of 1.17. The business’s fifty day moving average price is $25.74 and its two-hundred day moving average price is $25.81.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. On average, equities analysts anticipate that Millicom International Cellular will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TIGO shares. JPMorgan Chase & Co. began coverage on Millicom International Cellular in a research note on Friday, September 6th. They issued an “overweight” rating and a $35.00 price target for the company. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $30.00 to $37.30 in a report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.66.

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.