Millicom International Cellular S.A. (NASDAQ:TIGO – Get Rating) reached a new 52-week low during trading on Tuesday . The company traded as low as $11.97 and last traded at $11.99, with a volume of 451 shares trading hands. The stock had previously closed at $12.55.
Wall Street Analysts Forecast Growth
TIGO has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Millicom International Cellular in a research note on Monday, August 29th. They set a “neutral” rating and a $16.50 price objective on the stock. HSBC restated a “reduce” rating and set a $14.00 target price on shares of Millicom International Cellular in a report on Monday, August 22nd. Finally, The Goldman Sachs Group reduced their target price on shares of Millicom International Cellular from $29.05 to $18.00 and set a “neutral” rating for the company in a report on Friday, August 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.56.
Millicom International Cellular Stock Up 0.2 %
The business’s 50 day moving average is $14.24 and its 200 day moving average is $18.41. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.90 and a current ratio of 0.95. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 1.56 and a beta of 0.92.
Institutional Investors Weigh In On Millicom International Cellular
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIGO. Bank of Montreal Can purchased a new stake in Millicom International Cellular in the 4th quarter worth approximately $945,000. Renaissance Technologies LLC raised its holdings in shares of Millicom International Cellular by 55.1% during the 4th quarter. Renaissance Technologies LLC now owns 279,247 shares of the technology company’s stock valued at $7,945,000 after purchasing an additional 99,200 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Millicom International Cellular during the 4th quarter valued at $381,000. Bridgewater Associates LP raised its holdings in shares of Millicom International Cellular by 156.1% during the 4th quarter. Bridgewater Associates LP now owns 18,265 shares of the technology company’s stock valued at $520,000 after purchasing an additional 11,133 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Millicom International Cellular during the 1st quarter valued at $992,000. Hedge funds and other institutional investors own 6.95% of the company’s stock.
About Millicom International Cellular
Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
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