Zacks Investment Research upgraded shares of Millicom International Cellular (OTCMKTS:MIICF) from a strong sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “MILLICOM INTL is a leading international operator of cellular telephony services, primarily in emerging markets where the basic telephone service is often inadequate and where economic development and change are creating new demand for communication services. MIC has sought to establish an early presence in markets with little or no cellular service by applying for cellular licenses, primarily through joint ventures with prominent local business partners. “

Shares of Millicom International Cellular (OTCMKTS MIICF) traded down $0.15 during trading hours on Wednesday, reaching $71.35. The company’s stock had a trading volume of 7,425 shares, compared to its average volume of 3,064. The firm has a market cap of $7,243.07, a PE ratio of -56.63, a PEG ratio of 1.13 and a beta of 1.49. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 1.14. Millicom International Cellular has a 52-week low of $47.05 and a 52-week high of $74.50.

Millicom International Cellular (OTCMKTS:MIICF) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.31 EPS for the quarter. Millicom International Cellular had a positive return on equity of 3.44% and a negative net margin of 2.69%. equities analysts anticipate that Millicom International Cellular will post 0.05 EPS for the current year.

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About Millicom International Cellular

Millicom International Cellular SA is an international telecommunications and media company. The Company is engaged in providing digital lifestyle services in various markets, through mobile and fixed telephony, cable, broadband and television. Its segments include Latin America and Africa. It operates its mobile businesses in Central America (El Salvador) and in Africa (Chad, Ghana, Rwanda, Senegal and Tanzania).

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