Millicom International Cellular (NASDAQ:TIGO) Director Sells $20,993.28 in Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director De Vega Blanca Trevino sold 284 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $73.92, for a total transaction of $20,993.28. Following the transaction, the director owned 14,163 shares in the company, valued at $1,046,928.96. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO opened at $93.76 on Monday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The company has a market cap of $15.85 billion, a P/E ratio of 12.74 and a beta of 0.92. Millicom International Cellular SA has a 1 year low of $36.59 and a 1 year high of $95.38. The firm has a 50-day simple moving average of $85.67 and a two-hundred day simple moving average of $73.33.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. Research analysts anticipate that Millicom International Cellular SA will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Millicom International Cellular

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Millicom International Cellular by 1,129.7% in the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after buying an additional 418 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after acquiring an additional 427 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Millicom International Cellular by 896.7% in the second quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock valued at $27,000 after acquiring an additional 269 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in Millicom International Cellular in the fourth quarter worth about $29,000.

Analysts Set New Price Targets

A number of research firms have weighed in on TIGO. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their price target on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank raised their price target on shares of Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.28.

Millicom International Cellular Company 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.