Millicom International Cellular S.A. (NASDAQ:TIGO) to Issue Dividend of $1.00

Millicom International Cellular S.A. (NASDAQ:TIGO) declared a dividend on Friday, January 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 1.00 per share by the technology company on Friday, January 10th. The ex-dividend date is Friday, January 3rd.

Millicom International Cellular Stock Down 2.6 %

TIGO stock traded down $0.65 during trading on Friday, reaching $24.48. The stock had a trading volume of 329,512 shares, compared to its average volume of 230,606. The firm has a fifty day moving average price of $25.81 and a 200 day moving average price of $25.80. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $2.49 billion, a P/E ratio of 26.04 and a beta of 1.19. Millicom International Cellular has a 1-year low of $15.55 and a 1-year high of $28.75.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.38). Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted ($0.03) EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Millicom International Cellular will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

TIGO has been the subject of a number of recent analyst reports. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $30.00 to $37.30 in a research report on Friday, September 20th. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a report on Friday, September 6th. They set an “overweight” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.66.

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.