Millicom International Cellular SA (TIGO) Given $82.00 Consensus Target Price by Brokerages
Millicom International Cellular SA (NASDAQ:TIGO) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $82.00 for the company, according to Zacks. Zacks has also given Millicom International Cellular an industry rank of 41 out of 255 based on the ratings given to related companies.
Separately, TheStreet lowered shares of Millicom International Cellular from a “b” rating to a “c” rating in a research report on Wednesday, January 9th.
Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($1.25). Millicom International Cellular had a positive return on equity of 0.91% and a negative net margin of 0.18%. The firm had revenue of $1.01 billion for the quarter. On average, sell-side analysts anticipate that Millicom International Cellular will post 1.32 EPS for the current year.
A hedge fund recently bought a new stake in Millicom International Cellular stock. Beese Fulmer Investment Management Inc. purchased a new stake in Millicom International Cellular SA (NASDAQ:TIGO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,252 shares of the company’s stock, valued at approximately $1,482,000. Hedge funds and other institutional investors own 1.77% of the company’s stock.
About Millicom International Cellular
Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
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