Millicom International Cellular (NASDAQ:TIGO) Upgraded at HSBC

HSBC upgraded shares of Millicom International Cellular (NASDAQ:TIGO) from a hold rating to a buy rating in a research report report published on Thursday morning, BenzingaRatingsTable reports.

Separately, Zacks Investment Research cut Millicom International Cellular from a hold rating to a sell rating in a report on Saturday, September 7th.

NASDAQ:TIGO opened at $51.39 on Thursday. Millicom International Cellular has a 52 week low of $48.65 and a 52 week high of $74.71. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $5.12 billion, a PE ratio of 177.21 and a beta of 0.71. The stock’s 50-day moving average price is $50.54 and its 200-day moving average price is $55.91.



Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, July 18th. The company reported ($0.19) earnings per share (EPS) for the quarter. Millicom International Cellular had a negative return on equity of 0.95% and a net margin of 0.73%. The firm had revenue of $1.05 billion during the quarter. Sell-side analysts expect that Millicom International Cellular will post 0.26 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Resources Investment Advisors LLC. acquired a new stake in Millicom International Cellular in the 2nd quarter worth about $28,000. Wells Fargo & Company MN boosted its holdings in Millicom International Cellular by 195.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,425 shares of the company’s stock worth $191,000 after buying an additional 2,266 shares during the last quarter. Bank of America Corp DE boosted its holdings in Millicom International Cellular by 717.4% in the 2nd quarter. Bank of America Corp DE now owns 9,662 shares of the company’s stock worth $537,000 after buying an additional 8,480 shares during the last quarter. O Brien Greene & Co. Inc acquired a new stake in Millicom International Cellular in the 2nd quarter worth about $613,000. Finally, Morningstar Investment Services LLC acquired a new stake in Millicom International Cellular in the 2nd quarter worth about $681,000. Institutional investors own 6.91% 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.

Read More: Trading signals using Bollinger bands

Receive News & Ratings for Millicom International Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Millicom International Cellular and related companies with MarketBeat.com's FREE daily email newsletter.