16,622 Shares in Millicom International Cellular SA $TIGO Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC bought a new position in Millicom International Cellular SA (NASDAQ:TIGO) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,622 shares of the technology company’s stock, valued at approximately $807,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. bought a new stake in shares of Millicom International Cellular in the first quarter worth $331,000. Nuveen LLC purchased a new position in Millicom International Cellular in the first quarter worth about $2,721,000. HighTower Advisors LLC bought a new stake in shares of Millicom International Cellular during the 1st quarter valued at about $218,000. Russell Investments Group Ltd. grew its stake in shares of Millicom International Cellular by 39,815.9% during the 1st quarter. Russell Investments Group Ltd. now owns 25,147 shares of the technology company’s stock valued at $761,000 after purchasing an additional 25,084 shares during the period. Finally, Northern Trust Corp purchased a new stake in shares of Millicom International Cellular during the 1st quarter valued at about $9,740,000.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TIGO. JPMorgan Chase & Co. boosted their target price on shares of Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Zacks Research upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a research report on Wednesday, October 8th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their target price for the stock from $39.50 to $49.00 in a report on Thursday, September 11th. Finally, Wall Street Zen upgraded Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Millicom International Cellular Stock Up 0.9%

TIGO opened at $54.27 on Friday. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 8.31 and a beta of 0.93. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93. The firm’s fifty day moving average is $50.80 and its 200 day moving average is $45.79. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $56.27.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The company’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

About Millicom International Cellular

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.