An issue of Millicom International Cellular SA (OTCMKTS:MIICF) bonds fell 1.8% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 5.125% coupon and is set to mature on January 15, 2028. The bonds in the issue are now trading at $98.50 and were trading at $99.88 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.

Separately, Zacks Investment Research downgraded shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a report on Saturday, August 5th.

Millicom International Cellular SA (OTCMKTS:MIICF) traded up $2.40 during trading hours on Thursday, hitting $66.32. 4,470 shares of the stock were exchanged, compared to its average volume of 5,432. The company has a market cap of $6,480.53, a P/E ratio of 57.41, a price-to-earnings-growth ratio of 37.48 and a beta of 1.50. Millicom International Cellular SA has a one year low of $41.40 and a one year high of $74.50. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 1.21.

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About Millicom International Cellular

Millicom International Cellular SA is an international telecommunications and media company. The Company is engaged in providing digital lifestyle services in various markets, through mobile and fixed telephony, cable, broadband and television. Its segments include Latin America and Africa. It operates its mobile businesses in Central America (El Salvador) and in Africa (Chad, Ghana, Rwanda, Senegal and Tanzania).

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