Plato Investment Management Ltd Takes Position in Millicom International Cellular SA $TIGO

Plato Investment Management Ltd acquired a new stake in Millicom International Cellular SA (NASDAQ:TIGO) in the 3rd quarter, Holdings Channel reports. The fund acquired 18,163 shares of the technology company’s stock, valued at approximately $875,000.

Several other large investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after buying an additional 314 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Millicom International Cellular during the third quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new position in Millicom International Cellular in the third quarter valued at approximately $28,000. CWM LLC purchased a new stake in Millicom International Cellular in the 3rd quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Millicom International Cellular by 332.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,025 shares of the technology company’s stock worth $50,000 after purchasing an additional 788 shares during the period.

Millicom International Cellular Stock Up 2.7%

TIGO opened at $66.95 on Monday. The company has a market cap of $11.52 billion, a PE ratio of 10.25 and a beta of 0.93. Millicom International Cellular SA has a twelve month low of $25.50 and a twelve month high of $67.26. The company has a 50-day moving average price of $55.80 and a 200 day moving average price of $50.26. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.76.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.21). Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. The company’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts expect that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday, January 22nd. Scotiabank increased their target price on shares of Millicom International Cellular from $46.10 to $46.80 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. raised their target price on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their price target for the company from $49.00 to $70.00 in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average price target of $53.95.

Millicom International Cellular 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.