Millicom International Cellular’s (MICC) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Millicom International Cellular (LON:MICC) in a report published on Friday, Marketbeat reports. Berenberg Bank currently has a GBX 1,217 price objective on the stock.

Millicom International Cellular Price Performance

MICC stock opened at GBX 1,345 on Friday. The firm has a market cap of £8.23 billion and a P/E ratio of 28.02. Millicom International Cellular has a 52-week low of GBX 955.64 and a 52-week high of GBX 1,433.50. The company’s 50-day moving average is GBX 1,299.43.

Insider Activity

In related news, insider Peter ter Kulve bought 23,150 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of GBX 1,374 per share, with a total value of £318,081. 0.06% of the stock is currently owned by insiders.

Millicom International Cellular SA, commonly known by its Tigo brand in many markets, is a telecommunications and media company headquartered in Luxembourg. The company focuses on providing connectivity and digital services to consumers and businesses in emerging markets, with an emphasis on mobile communications, fixed broadband and cable television.

Millicom’s principal commercial offerings include mobile voice and data services, fixed broadband (including DSL and increasingly fiber-based access where available), pay-TV and bundled consumer packages.