Millicom International Cellular (LON:MICC – Free Report) had its target price cut by Berenberg Bank from GBX 1,280 to GBX 1,250 in a research report released on Tuesday,Digital Look reports. They currently have a hold rating on the stock.
Millicom International Cellular Price Performance
LON:MICC opened at GBX 1,391.50 on Tuesday. The firm has a 50-day moving average of GBX 1,414.06 and a two-hundred day moving average of GBX 1,289.48. The stock has a market cap of £8.40 billion and a P/E ratio of 47.07. Millicom International Cellular has a 1-year low of GBX 955.64 and a 1-year high of GBX 1,515.
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.
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