Millicom International Cellular (LON:MICC) Price Target Raised to GBX 1,280

Millicom International Cellular (LON:MICC) had its price target lifted by Berenberg Bank from GBX 1,217 to GBX 1,280 in a research report sent to investors on Tuesday morning, MarketBeat reports. They currently have a hold rating on the stock.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock opened at GBX 1,405.50 on Tuesday. The stock’s 50 day moving average price is GBX 1,332.96. Millicom International Cellular has a 1-year low of GBX 955.64 and a 1-year high of GBX 1,440. The company has a market cap of £8.61 billion and a P/E ratio of 29.28.

Insider Buying and Selling

In other Millicom International Cellular news, insider Peter ter Kulve bought 23,150 shares of the business’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of GBX 1,374 per share, for a total transaction of £318,081. 0.06% of the stock is currently owned by corporate insiders.

Millicom International Cellular SA, commonly known by its Tigo brand in many markets, is a telecommunications and media company headquartered in Luxembourg. The company focuses on providing connectivity and digital services to consumers and businesses in emerging markets, with an emphasis on mobile communications, fixed broadband and cable television.

Millicom’s principal commercial offerings include mobile voice and data services, fixed broadband (including DSL and increasingly fiber-based access where available), pay-TV and bundled consumer packages.