Millicom International Cellular (MIICF) Upgraded to Hold at Zacks Investment Research

Millicom International Cellular (OTCMKTS:MIICF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “MILLICOM INTL is a leading international operator of cellular telephony services, primarily in emerging markets where the basic telephone service is often inadequate and where economic development and change are creating new demand for communication services. MIC has sought to establish an early presence in markets with little or no cellular service by applying for cellular licenses, primarily through joint ventures with prominent local business partners. “

Shares of Millicom International Cellular (OTCMKTS MIICF) opened at $71.35 on Wednesday. The stock has a market cap of $7,243.07, a price-to-earnings ratio of -56.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. Millicom International Cellular has a 52 week low of $47.05 and a 52 week high of $74.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.84 and a current ratio of 0.87.

Millicom International Cellular (OTCMKTS:MIICF) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter. Millicom International Cellular had a negative net margin of 2.69% and a positive return on equity of 3.44%. equities research analysts expect that Millicom International Cellular will post 0.05 earnings per share for the current fiscal year.

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Millicom International Cellular Company Profile

Millicom International Cellular SA is an international telecommunications and media company. The Company is engaged in providing digital lifestyle services in various markets, through mobile and fixed telephony, cable, broadband and television. Its segments include Latin America and Africa. It operates its mobile businesses in Central America (El Salvador) and in Africa (Chad, Ghana, Rwanda, Senegal and Tanzania).

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