Millicom International Cellular SA (MIICF) Lowered to Strong Sell at Zacks Investment Research

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Millicom International Cellular SA (NASDAQ:MIICF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday.
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 SA (NASDAQ:MIICF) traded down 2.09% during trading on Tuesday, reaching $51.05. The company had a trading volume of 9,577 shares. Millicom International Cellular SA has a 12-month low of $39.80 and a 12-month high of $65.74. The firm has a 50-day moving average of $53.64 and a 200-day moving average of $55.67. The company’s market cap is $5.12 billion.

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Millicom International Cellular SA (NASDAQ:MIICF) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.04 earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Millicom International Cellular SA will post $2.09 EPS for the current year.
About Millicom International Cellular SA
Millicom International Cellular SA is an international telecommunications and media company providing digital lifestyle services through mobile and fixed telephony, cable, broadband and investments in online businesses in Latin America and Africa. The Company’s segments are Central America, South America, Latin America and Africa.

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