Published On: Tue, Sep 20th, 2016

Zacks: Millicom International Cellular SA (NASDAQ:MIICF) Receives Average Recommendation of “Buy” from Analysts

Shares of Millicom International Cellular SA (NASDAQ:MIICF) have earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Millicom International Cellular SA’s rating score has declined by 19.8% from three months ago as a result of a number of analysts’ ratings changes.
Zacks has also assigned Millicom International Cellular SA an industry rank of 164 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Millicom International Cellular SA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 13th.

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Millicom International Cellular SA (NASDAQ:MIICF) traded down 0.73% during mid-day trading on Tuesday, hitting $50.45. The stock had a trading volume of 4,814 shares. The stock has a 50 day moving average of $53.39 and a 200-day moving average of $55.70. The firm’s market cap is $5.06 billion. Millicom International Cellular SA has a 1-year low of $39.80 and a 1-year high of $65.74.
Millicom International Cellular SA (NASDAQ:MIICF) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.04 EPS for the quarter. Analysts predict that Millicom International Cellular SA will post $2.02 EPS for the current fiscal year.
Millicom International Cellular SA Company Profile
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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