Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys New Shares in Millicom International Cellular SA $TIGO

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the fourth quarter, Holdings Channel reports. The fund purchased 12,833 shares of the technology company’s stock, valued at approximately $711,000.

Other large investors have also recently bought and sold shares of the company. EWA LLC raised its position in shares of Millicom International Cellular by 2.5% in the 4th quarter. EWA LLC now owns 7,025 shares of the technology company’s stock worth $389,000 after acquiring an additional 169 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after purchasing an additional 314 shares during the period. GAMMA Investing LLC boosted its position in shares of Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares in the last quarter. KBC Group NV boosted its position in shares of Millicom International Cellular by 0.9% during the 4th quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 378 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its position in shares of Millicom International Cellular by 8.5% during the 4th quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after purchasing an additional 398 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TIGO shares. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Friday, March 6th. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Morgan Stanley reiterated a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Millicom International Cellular currently has an average rating of “Moderate Buy” and an average target price of $73.04.

Millicom International Cellular Stock Performance

Shares of TIGO opened at $86.81 on Friday. Millicom International Cellular SA has a one year low of $35.49 and a one year high of $86.93. The company has a market cap of $14.67 billion, a PE ratio of 11.79 and a beta of 0.93. The stock has a 50-day moving average of $79.32 and a 200-day moving average of $65.36. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, equities research analysts predict that Millicom International Cellular SA will post 3.76 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 40.76%.

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.