Millicom International Cellular (LON:MICC) Price Target Raised to GBX 1,350

Millicom International Cellular (LON:MICC) had its price objective increased by Berenberg Bank from GBX 1,250 to GBX 1,350 in a research report released on Monday,Digital Look reports. They currently have a hold rating on the stock.

Millicom International Cellular Stock Up 3.2%

LON MICC opened at GBX 1,500.50 on Monday. The firm has a market cap of £9.06 billion and a P/E ratio of 50.76. The company’s 50 day moving average is GBX 1,414.74 and its 200-day moving average is GBX 1,283.10. Millicom International Cellular has a 12-month low of GBX 955.64 and a 12-month high of GBX 1,518.50.

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.