Tidal Investments LLC Takes Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Tidal Investments LLC acquired a new position in Millicom International Cellular S.A. (NASDAQ:TIGO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,198 shares of the technology company’s stock, valued at approximately $602,000.

A number of other institutional investors have also recently bought and sold shares of TIGO. Signaturefd LLC boosted its holdings in shares of Millicom International Cellular by 217.9% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after buying an additional 780 shares during the last quarter. Blue Trust Inc. raised its position in Millicom International Cellular by 159.7% in the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,367 shares during the period. Fifth Third Bancorp purchased a new position in Millicom International Cellular in the second quarter valued at about $67,000. National Bank of Canada FI bought a new position in shares of Millicom International Cellular during the 3rd quarter valued at approximately $76,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Millicom International Cellular in the 3rd quarter worth approximately $87,000.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $30.00 to $37.30 in a report on Friday, September 20th. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research report on Friday, September 6th. They set an “overweight” rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.66.

Millicom International Cellular Trading Down 0.1 %

Shares of TIGO opened at $24.45 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. Millicom International Cellular S.A. has a 52-week low of $15.55 and a 52-week high of $28.75. The stock’s 50-day simple moving average is $26.31 and its 200 day simple moving average is $25.79.

Millicom International Cellular (NASDAQ:TIGO) last announced 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 firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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 previous year, the company posted ($0.03) earnings per share. Research analysts forecast that Millicom International Cellular S.A. will post 1.98 earnings per share for the current fiscal year.

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.