3,200 Shares in Millicom International Cellular S.A. (NASDAQ:TIGO) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in Millicom International Cellular S.A. (NASDAQ:TIGO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,200 shares of the technology company’s stock, valued at approximately $87,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIGO. Signaturefd LLC boosted its stake in Millicom International Cellular by 217.9% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock valued at $28,000 after buying an additional 780 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Millicom International Cellular by 159.7% in the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,367 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Millicom International Cellular in the 2nd quarter worth about $67,000. Summit Securities Group LLC acquired a new stake in shares of Millicom International Cellular during the 2nd quarter worth about $98,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Millicom International Cellular during the 3rd quarter valued at about $168,000.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO opened at $24.40 on Friday. Millicom International Cellular S.A. has a 1-year low of $15.55 and a 1-year high of $28.75. The company has a 50-day moving average of $26.57 and a two-hundred day moving average of $25.79. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS. On average, equities research analysts expect that Millicom International Cellular S.A. will post 1.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research note on Friday, September 6th. They set an “overweight” rating and a $35.00 price objective on the stock. Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $30.00 to $37.30 in a report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.66.

Millicom International Cellular Company Profile

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.