Let’s Take a Fresh Look at Millicom International Cellular S.A. (TIGO)

On Wednesday, shares of Millicom International Cellular S.A. (NASDAQ:TIGO) marked $26.25 per share versus a previous $25.03 closing price. With having a 4.87% gain, an insight into the fundamental values of Millicom International Cellular S.A., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. TIGO showed a fall of -45.57% within its YTD performance, with highs and lows between $20.15 – $57.95 during the period of 52 weeks, compared to the simple moving average of -29.99% in the period of the last 200 days.

HSBC Securities equity researchers changed the status of Millicom International Cellular S.A. (NASDAQ: TIGO) shares from “Hold” to a “Buy” rating in the report published on September 19th, 2019.

Millicom International Cellular S.A. (TIGO) Analysis

The present dividend yield for TIGO owners is set at 0.1, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 5.10%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Millicom International Cellular S.A. (TIGO) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 0.70% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.40 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while TIGO is currently recording an average of 148.12K in volumes. The volatility of the stock on monthly basis is set at 2.72%, while the weekly volatility levels are marked at 2.46%with -1.35% of loss in the last seven days.

What to Look for When Analyzing Millicom International Cellular S.A. Shares?

Millicom International Cellular S.A. (TIGO) is based in the Luxembourg and it represents one of the well-known company operating with Communication Services sector. If you wish to compare TIGO shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Millicom International Cellular S.A., while the value 12.43 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.44 is supported by the yearly EPS growth of 298.60%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 36.00%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 24.00% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in TIGO Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in TIGO in the recent period. That is how Norges Bank Investment Management now has an increase position in TIGO by — in the first quarter, owning 745210 shares of TIGO stocks, with the value of $19.49 million after the purchase of an additional 745,210 shares during the last quarter. In the meanwhile, Fidelity Management & Research Co also increased their stake in TIGO shares changed 201.01% in the first quarter, which means that the company now owns 678318 shares of company, all valued at $17.74 million after the acquisition of additional 452,967 shares during the last quarter.

First Trust Advisors LP acquired a new position in Millicom International Cellular S.A. during the first quarter, with the value of $12.92 million, and Sjunde AP-fonden increased their stake in the company’s shares by 150.82% in the first quarter, now owning 96,907 shares valued at $4.21 million after the acquisition of the additional 161159 shares during the last quarter. At the present, 24.00% of TIGO shares are in the ownership of institutional investors.