Zacks Investment Research lowered shares of Millicom International Cellular SA (NASDAQ:MIICF) from a hold rating to a strong sell rating in a research note published on Tuesday morning.

According to Zacks, “MILLICOM INTL is a leading international operator of cellular telephony services, primarily in emerging markets where the basic telephone service is often inadequate and where economic development and change are creating new demand for communication services. MIC has sought to establish an early presence in markets with little or no cellular service by applying for cellular licenses, primarily through joint ventures with prominent local business partners. “

Millicom International Cellular SA (NASDAQ:MIICF) opened at 50.50 on Tuesday. Millicom International Cellular SA has a 12 month low of $39.80 and a 12 month high of $65.74. The stock’s market cap is $5.07 billion. The firm’s 50-day moving average price is $53.57 and its 200 day moving average price is $55.66.

Millicom International Cellular SA (NASDAQ:MIICF) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.04 earnings per share (EPS) for the quarter. On average, analysts anticipate that Millicom International Cellular SA will post $2.02 earnings per share for the current year.

Millicom International Cellular SA Company Profile

Millicom International Cellular SA is an international telecommunications and media company providing digital lifestyle services through mobile and fixed telephony, cable, broadband and investments in online businesses in Latin America and Africa. The Company’s segments are Central America, South America, Latin America and Africa.

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