<div id="readability-page-1"><p>Gabelli Funds LLC cut its position in  Millicom International Cellular SA (NASDAQ:TIGO - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 445,500 shares of the technology company's stock after selling 19,200 shares during the quarter. Gabelli Funds LLC owned 0.26% of Millicom International Cellular worth $21,625,000 as of its most recent filing with the Securities and Exchange Commission.</p><p>A number of other large investors have also added to or reduced their stakes in TIGO. Smartleaf Asset Management LLC lifted its holdings in  Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company's stock worth $25,000 after buying an additional 314 shares in the last quarter.  Harbor Capital Advisors Inc. purchased a new position in  Millicom International Cellular in the 3rd quarter valued at about $26,000.  Alpine Bank Wealth Management acquired a new stake in shares of  Millicom International Cellular during the third quarter valued at about $28,000.  Ameritas Advisory Services LLC purchased a new stake in shares of  Millicom International Cellular during the third quarter worth about $32,000.  Finally, CWM LLC purchased a new stake in shares of  Millicom International Cellular during the third quarter worth about $42,000. </p><h2>Analyst Upgrades and Downgrades</h2><p>TIGO has been the topic of several recent analyst reports. UBS Group upgraded Millicom International Cellular from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and boosted their price target for the stock from $49.00 to $70.00 in a research note on Thursday, January 15th. JPMorgan Chase &amp; Co. lifted their price objective on Millicom International Cellular from $55.00 to $63.00 and gave the stock an &#34;overweight&#34; rating in a report on Monday, November 17th. HSBC raised Millicom International Cellular from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $89.00 target price on the stock in a research report on Friday. Zacks Research downgraded shares of Millicom International Cellular from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, January 16th. Finally, Morgan Stanley  restated a &#34;positive&#34; rating and issued a $55.00 price target on shares of Millicom International Cellular in a research note on Thursday, February 26th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $59.33.</p><p><b>Get Our Latest Stock Report on Millicom International Cellular</b></p><h2>Millicom International Cellular Price Performance</h2><p>Shares of TIGO opened at $69.28 on Friday. The company has a market cap of $11.92 billion, a P/E ratio of 8.83 and a beta of 0.90. The stock has a fifty day moving average price of $62.00 and a 200 day moving average price of $53.88. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.86. Millicom International Cellular SA has a 12 month low of $26.35 and a 12 month high of $75.25. </p><p>Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last posted its earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.45. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the business posted $0.18 earnings per share. The firm's quarterly revenue was up 15.7% compared to the same quarter last year.  On average, research analysts forecast that  Millicom International Cellular SA will post 1.91 earnings per share for the current year. </p><h2>Millicom International Cellular Company Profile</h2> (Free Report)<p>Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.  </p><p>Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.</p><h2>Read More</h2><ul><li>Five stocks we like better than Millicom International Cellular</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Trump Planning to Use Public Law 63-43: Prepare Now</li><li>How JPMorgan's $8,000 Gold Call Will Leave Most Retirement Accounts Behind</li><li>Silver Is the New Oil—And the World’s Running Dry</li><li>Nvidia CEO Issues Bold Tesla Call</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VElHTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9VElHTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Millicom International Cellular Right Now?</h2><p>Before you consider Millicom International Cellular, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Millicom International Cellular wasn't on the list.</p><p>While Millicom International Cellular currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

TIGO

<p>Gabelli Funds LLC reduced its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 4.1% in Q3, now holding 445,500 shares valued at $21.6 million. Other investors, including Smartleaf Asset Management and Harbor Capital Advisors, have also adjusted their positions. Analysts have mixed ratings on TIGO, with UBS upgrading it to "buy" and raising the price target to $70. The stock opened at $69.28, with a market cap of $11.92 billion and a P/E ratio of 8.83. Millicom reported $1.50 EPS for the last quarter, exceeding expectations, with revenue of $1.65 billion, up 15.7% year-over-year.</p>

Millicom International Cellular SA $TIGO Shares Sold by Gabelli Funds LLC