Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Update

Millicom International Cellular S.A. (NASDAQ:TIGO) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,780,000 shares, an increase of 29.0% from the March 15th total of 1,380,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 778,000 shares, the days-to-cover ratio is presently 2.3 days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TIGO shares. Scotiabank raised their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a “sector outperform” rating in a research report on Friday, February 28th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Wednesday, January 22nd. Morgan Stanley assumed coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, April 3rd. Finally, Barclays dropped their price target on shares of Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Millicom International Cellular has an average rating of “Moderate Buy” and an average price target of $35.65.

Hedge Funds Weigh In On Millicom International Cellular

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new position in shares of Millicom International Cellular in the 4th quarter worth $49,000. Blue Trust Inc. boosted its holdings in Millicom International Cellular by 69.5% during the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock worth $102,000 after buying an additional 1,544 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Millicom International Cellular by 72.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company’s stock worth $122,000 after buying an additional 2,055 shares during the period. Principal Securities Inc. increased its stake in shares of Millicom International Cellular by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock valued at $176,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Millicom International Cellular by 6.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company’s stock worth $227,000 after acquiring an additional 545 shares during the last quarter.

Millicom International Cellular Trading Down 0.7 %

TIGO stock opened at $32.24 on Monday. The business has a fifty day moving average of $28.67 and a 200-day moving average of $27.06. The company has a market cap of $5.55 billion, a P/E ratio of 34.21 and a beta of 0.90. Millicom International Cellular has a twelve month low of $19.95 and a twelve month high of $32.48. 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 Announces Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were paid a dividend of $0.75 per share. This represents a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is 202.70%.

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.