Millicom International Cellular (NASDAQ:TIGO) Reaches New 12-Month High – Should You Buy?

Millicom International Cellular S.A. (NASDAQ:TIGO)’s share price reached a new 52-week high on Friday . The stock traded as high as $29.20 and last traded at $28.93, with a volume of 365178 shares. The stock had previously closed at $28.21.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank upped their price target on Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, January 22nd. Hsbc Global Res raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley began coverage on Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Buy” and an average target price of $33.98.

Millicom International Cellular Stock Up 1.0 %

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 firm’s 50 day simple moving average is $26.43 and its 200-day simple moving average is $26.42. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 30.31 and a beta of 1.18.

Millicom International Cellular Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular’s payout ratio is presently 202.70%.

Institutional Investors Weigh In On Millicom International Cellular

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC lifted its position in shares of Millicom International Cellular by 24.7% in the 4th quarter. Vident Advisory LLC now owns 10,440 shares of the technology company’s stock worth $261,000 after acquiring an additional 2,071 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Millicom International Cellular in the 4th quarter valued at $1,319,000. Two Sigma Advisers LP bought a new stake in shares of Millicom International Cellular in the fourth quarter worth about $988,000. Two Sigma Investments LP increased its holdings in Millicom International Cellular by 229.3% during the 4th quarter. Two Sigma Investments LP now owns 57,113 shares of the technology company’s stock worth $1,428,000 after purchasing an additional 39,771 shares in the last quarter. Finally, State of Wyoming acquired a new position in Millicom International Cellular during the fourth quarter worth approximately $49,000.

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.