Millicom International Cellular (TIGO) to Release Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGOGet Free Report) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Millicom International Cellular to post earnings of $0.68 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Millicom International Cellular (NASDAQ:TIGOGet Free Report) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). Millicom International Cellular had a net margin of 1.83% and a return on equity of 2.91%. The business had revenue of $1.46 billion for the quarter. During the same period in the previous year, the business posted ($0.13) EPS. On average, analysts expect Millicom International Cellular to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO opened at $27.80 on Thursday. Millicom International Cellular has a fifty-two week low of $15.53 and a fifty-two week high of $28.75. The business has a 50 day moving average price of $27.04 and a two-hundred day moving average price of $24.87. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.72. The firm has a market cap of $2.83 billion, a PE ratio of 556.00 and a beta of 1.23.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group raised Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.00 to $33.00 in a report on Thursday, August 15th. Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $30.00 to $37.30 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. assumed coverage on Millicom International Cellular in a report on Friday, September 6th. They set an “overweight” rating and a $35.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.66.

Read Our Latest Stock Analysis on TIGO

About Millicom International Cellular

(Get Free Report)

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.

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Earnings History for Millicom International Cellular (NASDAQ:TIGO)

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