Millicom International Cellular (NASDAQ:TIGO) Director Justine Dimovic Sells 284 Shares

Millicom International Cellular SA (NASDAQ:TIGO) Director Justine Dimovic sold 284 shares of Millicom International Cellular stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $73.92, for a total value of $20,993.28. Following the transaction, the director owned 8,562 shares in the company, valued at approximately $632,903.04. This trade represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Millicom International Cellular Price Performance

Shares of NASDAQ:TIGO opened at $93.76 on Monday. The company has a market cap of $15.85 billion, a P/E ratio of 12.74 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The company’s fifty day moving average is $85.67 and its two-hundred day moving average is $73.33. Millicom International Cellular SA has a 12-month low of $36.59 and a 12-month high of $95.38.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. Equities analysts expect that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TIGO has been the subject of a number of recent research reports. Scotiabank boosted their target price on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research report on Tuesday, May 26th. Finally, Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.28.

Hedge Funds Weigh In On Millicom International Cellular

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Millicom International Cellular by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,713,607 shares of the technology company’s stock worth $372,202,000 after acquiring an additional 253,891 shares during the period. Barclays PLC grew its stake in Millicom International Cellular by 1.7% in the third quarter. Barclays PLC now owns 2,895,215 shares of the technology company’s stock valued at $140,534,000 after acquiring an additional 47,194 shares during the period. State Street Corp increased its stake in Millicom International Cellular by 14.9% during the 4th quarter. State Street Corp now owns 2,279,268 shares of the technology company’s stock valued at $126,364,000 after purchasing an additional 296,319 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Millicom International Cellular during the first quarter worth about $50,664,000. Finally, Boston Partners raised its stake in shares of Millicom International Cellular by 2.7% in the fourth quarter. Boston Partners now owns 1,603,730 shares of the technology company’s stock worth $88,911,000 after purchasing an additional 41,765 shares during the last quarter.

Millicom International Cellular Company Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.