Millicom TIGO Gets Neutral Rating Reaffirmation from JPMorgan Chase & Co.
Financial analysts at JPMorgan Chase & Co. have reaffirmed their neutral rating for Millicom International Cellular (NASDAQ:TIGO) stock, according to a report issued on Tuesday. This recommendation comes with a price target of $105.00, up from the previous target of $100.00.
This means that investors can expect an 11.39% potential upside from the company's current price. The analysts' rating is not the only one for TIGO stock; other research firms have also weighed in on the technology company.
Among these, Royal Bank Of Canada has set a $105.00 target price, while UBS Group increased its price target to $100.00 and assigned a neutral rating. On the other hand, Wall Street Zen downgraded Millicom International Cellular from a 'buy' rating to a 'hold' rating in a report on Saturday, May 16th.
The company's current market capitalization stands at $15.93 billion, with a price-to-earnings ratio of 23.80 and a beta of 0.91. Millicom International Cellular has a one year low of $44.06 and a one year high of $107.13.