Millicom International Cellular (LON:MICC) Receives “Hold” Rating from Berenberg Bank

Millicom International Cellular (LON:MICC)‘s stock had its “hold” rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Friday,London Stock Exchange reports. They currently have a GBX 1,217 price objective on the stock. Berenberg Bank’s price objective would indicate a potential downside of 9.18% from the company’s previous close.

Millicom International Cellular Price Performance

Shares of LON:MICC opened at GBX 1,340 on Friday. The company has a market capitalization of £8.20 billion and a price-to-earnings ratio of 27.92. Millicom International Cellular has a twelve month low of GBX 955.64 and a twelve month high of GBX 1,433.50. The stock’s 50-day simple moving average is GBX 1,295.12.

Insider Buying and Selling

In other Millicom International Cellular news, insider Peter ter Kulve acquired 23,150 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of GBX 1,374 per share, with a total value of £318,081. Company insiders own 0.06% of the company’s stock.

Millicom International Cellular SA, commonly known by its Tigo brand in many markets, is a telecommunications and media company headquartered in Luxembourg. The company focuses on providing connectivity and digital services to consumers and businesses in emerging markets, with an emphasis on mobile communications, fixed broadband and cable television.

Millicom’s principal commercial offerings include mobile voice and data services, fixed broadband (including DSL and increasingly fiber-based access where available), pay-TV and bundled consumer packages.