Millicom International Cellular (LON:MICC) Earns Hold Rating from Berenberg Bank

Millicom International Cellular (LON:MICC)‘s stock had its “hold” rating reiterated by investment analysts at Berenberg Bank in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 1,217 price target on the stock. Berenberg Bank’s price target would indicate a potential downside of 9.18% from the company’s current price.

Millicom International Cellular Stock Up 0.2%

Shares of MICC opened at GBX 1,340 on Friday. The stock has a market capitalization of £8.20 billion and a P/E ratio of 27.92. The firm’s 50 day simple moving average is GBX 1,295.12. Millicom International Cellular has a 12 month low of GBX 955.64 and a 12 month high of GBX 1,433.50.

Insider Activity at Millicom International Cellular

In related news, insider Peter ter Kulve purchased 6,825 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average cost of GBX 15 per share, with a total value of £1,023.75. 0.06% of the stock is owned by 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.