Millicom International Cellular (NASDAQ:TIGO) Director Sells $20,993.28 in Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director De Vega Blanca Trevino sold 284 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $73.92, for a total value of $20,993.28. Following the transaction, the director owned 14,163 shares of the company’s stock, valued at approximately $1,046,928.96. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Millicom International Cellular Stock Up 1.2%

Shares of TIGO opened at $94.08 on Thursday. The company’s 50-day moving average price is $86.28 and its 200 day moving average price is $74.19. The firm has a market cap of $15.90 billion, a P/E ratio of 12.78 and a beta of 0.92. Millicom International Cellular SA has a 12-month low of $36.72 and a 12-month high of $95.75. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, sell-side analysts forecast that Millicom International Cellular SA will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

TIGO has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Millicom International Cellular has a consensus rating of “Moderate Buy” and an average price target of $77.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Millicom International Cellular by 1,129.7% in the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Millicom International Cellular in the fourth quarter valued at $26,000. Blue Trust Inc. raised its stake in Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after buying an additional 427 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after buying an additional 269 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Millicom International Cellular during the 4th quarter worth about $29,000.

Millicom International Cellular Company Profile

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.