Millicom International Cellular (MIICF) Downgraded to “Sell” at Zacks Investment Research

Millicom International Cellular (OTCMKTS:MIICF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday, November 18th.

According to Zacks, “MILLICOM INTL is a leading international operator of cellular telephony services, primarily in emerging markets where the basic telephone service is often inadequate and where economic development and change are creating new demand for communication services. MIC has sought to establish an early presence in markets with little or no cellular service by applying for cellular licenses, primarily through joint ventures with prominent local business partners. “

Shares of Millicom International Cellular (OTCMKTS:MIICF) traded down $2.60 during trading on Friday, hitting $63.28. The stock had a trading volume of 16,706 shares, compared to its average volume of 11,022. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $5,980.00, a P/E ratio of 59.05, a price-to-earnings-growth ratio of 38.56 and a beta of 1.46. Millicom International Cellular has a fifty-two week low of $41.54 and a fifty-two week high of $74.50.

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Millicom International Cellular Company Profile

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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