Insider Selling: Millicom International Cellular (NASDAQ:TIGO) Director Sells $20,993.28 in Stock

Millicom International Cellular SA (NASDAQ:TIGO) Director De Vega Blanca Trevino sold 284 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $73.92, for a total transaction of $20,993.28. Following the transaction, the director owned 14,163 shares of the company’s stock, valued at approximately $1,046,928.96. This represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Millicom International Cellular Stock Performance

Shares of NASDAQ TIGO opened at $93.76 on Monday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. The company has a market cap of $15.85 billion, a P/E ratio of 12.74 and a beta of 0.92. The firm’s fifty day moving average is $85.67 and its two-hundred day moving average is $73.33. Millicom International Cellular SA has a 52-week low of $36.59 and a 52-week high of $95.38.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. As a group, analysts anticipate that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Millicom International Cellular

Several institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Millicom International Cellular by 1,129.7% during the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after purchasing an additional 418 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Millicom International Cellular in the fourth quarter worth $26,000. Blue Trust Inc. boosted its stake in Millicom International Cellular by 736.2% during the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after buying an additional 427 shares during the period. Versant Capital Management Inc increased its position in Millicom International Cellular by 896.7% during the second quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock valued at $27,000 after acquiring an additional 269 shares during the last quarter. Finally, Spire Wealth Management bought a new position in Millicom International Cellular during the fourth quarter valued at $29,000.

Analysts Set New Price Targets

Several analysts have recently issued reports on TIGO shares. JPMorgan Chase & Co. upped their price objective on Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular currently has an average rating of “Moderate Buy” and an average target price of $77.28.

About Millicom International Cellular

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg?headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high?speed internet access and pay?television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi?regional operator focused primarily on Central and South America.