Millicom Reported Mixed 2016 Results With Weak Revenue but Good Margins; Stock Remains Undervalued
Millicom reported mixed 2016 results with slightly weaker revenue but better margins. We don’t anticipate any significant changes to our fair value estimate, and our narrow moat rating remains intact. We still believe the shares are significantly undervalued, and it remains one of our favourite international telecom stocks. The firm reported revenue of $6.25 billion--down 4.9% year over year, adjusted for the divestiture of its operations in the Democratic Republic of Congo--versus our estimate ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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