Millicom International Cellular S.A. Declares Annual Dividend of $0.75 (NASDAQ:TIGO)

Millicom International Cellular S.A. (NASDAQ:TIGO) announced an annual dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.75 per share by the technology company on Tuesday, April 15th. This represents a dividend yield of 3.9%. The ex-dividend date is Tuesday, April 8th.

Millicom International Cellular Trading Down 1.5 %

Millicom International Cellular stock opened at $25.89 on Tuesday. The business has a 50-day simple moving average of $26.26 and a two-hundred day simple moving average of $26.40. The company has a market cap of $4.46 billion, a P/E ratio of 27.54 and a beta of 1.18. Millicom International Cellular has a 52-week low of $17.62 and a 52-week high of $28.98. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TIGO shares. Scotiabank boosted their price target on Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research note on Friday. Morgan Stanley assumed coverage on Millicom International Cellular in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price target for the company. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price objective on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Finally, HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $33.98.

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.