Nomura Securities Maintains a 'Buy' on Millicom Intl (MICC); Preview Ahead of Q1 Results
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Price: $19.96 +1.47%
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 16 | New: 9
Rating Summary:
3 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 16 | New: 9
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Nomura Securities maintains a 'Buy' on Millicom Intl (NASDAQ: MICC).
Nomura analyst, Martin Mabbutt, said, "We forecast revenues of $1,038m, a headline increase of 14.7%, benefitting from the consolidation of Honduras (around $50m in Q1). On a pro-forma basis, we expect revenue growth of 9% in Q1. In the context of double-digit revenue growth guided to for the full year this may prove conservative, but is intended to cover the near-term pricing pressures alluded to in Africa at the full-year results stage. We forecast EBITDA of $479m, a margin of 46.2%, and in line with guidance in the ‘mid 40s’. With reducing finance costs more than offset by higher depreciation, we expect EPS of $1.53, an increase of 6.3%."
For more ratings news on Millicom Intl click here and for the rating history of Millicom Intl click here.
Shares of Millicom Intl closed at $95.49 yesterday.
Nomura analyst, Martin Mabbutt, said, "We forecast revenues of $1,038m, a headline increase of 14.7%, benefitting from the consolidation of Honduras (around $50m in Q1). On a pro-forma basis, we expect revenue growth of 9% in Q1. In the context of double-digit revenue growth guided to for the full year this may prove conservative, but is intended to cover the near-term pricing pressures alluded to in Africa at the full-year results stage. We forecast EBITDA of $479m, a margin of 46.2%, and in line with guidance in the ‘mid 40s’. With reducing finance costs more than offset by higher depreciation, we expect EPS of $1.53, an increase of 6.3%."
For more ratings news on Millicom Intl click here and for the rating history of Millicom Intl click here.
Shares of Millicom Intl closed at $95.49 yesterday.
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