Millicom International Cellular (NASDAQ:TIGO) Director Sells 284 Shares of Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director Justine Dimovic sold 284 shares of Millicom International Cellular stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $73.92, for a total value of $20,993.28. Following the transaction, the director owned 8,562 shares of the company’s stock, valued at approximately $632,903.04. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $93.76 on Monday. The stock has a 50-day moving average of $85.67 and a 200 day moving average of $73.33. Millicom International Cellular SA has a twelve month low of $36.59 and a twelve month high of $95.38. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 12.74 and a beta of 0.92. 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 posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Sell-side analysts anticipate that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

TIGO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. Scotiabank upped their price target on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. Zacks Research raised Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.28.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP grew its holdings in 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 buying an additional 418 shares during the period. Altshuler Shaham Ltd acquired a new position in Millicom International Cellular during the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after purchasing an additional 427 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Millicom International Cellular by 896.7% in the second quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after acquiring an additional 269 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in shares of Millicom International Cellular during the 4th quarter valued at approximately $29,000.

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.