Millicom International Cellular S.A. (NASDAQ:TIGO) Announces $1.00 Dividend

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

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO traded down $0.65 during trading on Friday, hitting $24.48. 329,512 shares of the company were exchanged, compared to its average volume of 230,606. The firm’s fifty day moving average price is $25.81 and its 200 day moving average price is $25.80. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The company has a market cap of $2.49 billion, a price-to-earnings 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 issued its earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts expect that Millicom International Cellular will post 1.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TIGO shares. JPMorgan Chase & Co. assumed coverage on shares of Millicom International Cellular in a research report on Friday, September 6th. They issued an “overweight” rating and a $35.00 price objective on the stock. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $30.00 to $37.30 in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.