Tidal Investments LLC Invests $602,000 in Millicom International Cellular S.A. (NASDAQ:TIGO)

Tidal Investments LLC bought a new position in Millicom International Cellular S.A. (NASDAQ:TIGO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 22,198 shares of the technology company’s stock, valued at approximately $602,000.

A number of other institutional investors have also added to or reduced their stakes in TIGO. Fifth Third Bancorp purchased a new position in shares of Millicom International Cellular in the 2nd quarter worth about $67,000. Summit Securities Group LLC bought a new position in Millicom International Cellular during the second quarter valued at approximately $98,000. LB Partners LLC raised its stake in shares of Millicom International Cellular by 0.4% during the second quarter. LB Partners LLC now owns 502,000 shares of the technology company’s stock worth $12,324,000 after acquiring an additional 2,000 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Millicom International Cellular by 217.9% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after acquiring an additional 780 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Millicom International Cellular in the 2nd quarter valued at $372,000.

Millicom International Cellular Trading Down 0.1 %

Shares of Millicom International Cellular stock opened at $24.45 on Friday. The company’s fifty day simple moving average is $26.31 and its two-hundred day simple moving average is $25.79. Millicom International Cellular S.A. has a 12-month low of $15.55 and a 12-month high of $28.75. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.38). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. Sell-side analysts predict that Millicom International Cellular S.A. will post 1.98 EPS for the current year.

Analyst Upgrades and Downgrades

TIGO has been the subject of several recent research reports. JPMorgan Chase & Co. assumed coverage on shares of Millicom International Cellular in a research note on Friday, September 6th. They issued an “overweight” rating and a $35.00 price target for the company. Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $30.00 to $37.30 in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.66.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.