Millicom International Cellular (TIGO) Stock Price, News & Analysis

Company Overview

Millicom International Cellular S.A. provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. The company also operates TIGO Sports for local entertainment; Tigo Money that allows its customers to send and receive money without the need for a bank account; and TIGO ONEtv for pay TV. In addition, it provides fixed services, including broadband and fixed voice; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.

Key Stats

• Today's Range: $24.61 to $24.80
• 50-Day Range: $24.19 to $28.21
• 52-Week Range: $15.55 to $28.75
• Volume: 104,270 shs
• Average Volume: 102,322 shs
• Market Capitalization: $2.52 billion
• P/E Ratio: 26.34
• Dividend Yield: N/A
• Price Target: $30.66
• Consensus Rating: Moderate Buy

Millicom International Cellular Stock Analysis - MarketRank™

Millicom International Cellular scored higher than 57% of companies evaluated by MarketBeat, and ranked 256th out of 657 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Millicom International Cellular has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Millicom International Cellular has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 51.01%

Earnings Growth

Earnings for Millicom International Cellular are expected to grow by 51.01% in the coming year, from $1.98 to $2.99 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Millicom International Cellular is 26.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Millicom International Cellular is 26.34, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 239.02.

Price to Book Value per Share Ratio

Millicom International Cellular has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.10% of the float of Millicom International Cellular has been sold short.

Short Interest Ratio / Days to Cover

Millicom International Cellular has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Millicom International Cellular has recently increased by 11.95%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Millicom International Cellular does not currently pay a dividend.

Dividend Growth

Millicom International Cellular does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Millicom International Cellular is 280.85%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Millicom International Cellular will have a dividend payout ratio of 88.29% in the coming year. This indicates that Millicom International Cellular may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.10% of the float of Millicom International Cellular has been sold short.

Short Interest Ratio / Days to Cover

Millicom International Cellular has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Millicom International Cellular has recently increased by 11.95%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.53

News Sentiment

Millicom International Cellular has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Millicom International Cellular this week, compared to 3 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Millicom International Cellular insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.52% of the stock of Millicom International Cellular is held by insiders.

TIGO Stock Analysis - Frequently Asked Questions

How have TIGO shares performed this year?

Millicom International Cellular's stock was trading at $18.00 at the start of the year. Since then, TIGO shares have increased by 37.6% and is now trading at $24.76.
View the best growth stocks for 2024 here.

How were Millicom International Cellular's earnings last quarter?

Millicom International Cellular S.A. (NASDAQ:TIGO) issued its quarterly earnings data on Thursday, November, 7th. The technology company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by $0.38. The business's revenue was up .5% on a year-over-year basis.

Who are Millicom International Cellular's major shareholders?

Top institutional shareholders of Millicom International Cellular include LB Partners LLC (0.50%), Geode Capital Management LLC, Charles Schwab Investment Management Inc. and Tidal Investments LLC.

How do I buy shares of Millicom International Cellular?

Shares of TIGO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Millicom International Cellular own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Millicom International Cellular investors own include Meta Platforms (META), Tesla (TSLA), QUALCOMM (QCOM), NVIDIA (NVDA), AT&T (T), Broadcom (AVGO) and Salesforce (CRM).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 12/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Radiotelephone communication
• Sub-Industry: N/A
• Current Symbol: NASDAQ:TIGO
• Previous Symbol: NASDAQ:MICC
• CUSIP: N/A
• CIK: 912958
• Web: www.millicom.com
• Phone: (522) 775-9021
• Fax: 352-2775-9359
• Employees: 16,527
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.66
• High Stock Price Target: $37.30
• Low Stock Price Target: $24.00
• Potential Upside/Downside: +24.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.94
• Trailing P/E Ratio: 26.27
• Forward P/E Ratio: 12.47
• P/E Growth: N/A
• Net Income: $-82,000,000.00
• Net Margins: 2.70%
• Pretax Margin: 8.53%
• Return on Equity: 4.43%
• Return on Assets: 1.11%

Debt

• Debt-to-Equity Ratio: 1.59
• Current Ratio: 0.66
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: $5.85 billion
• Price / Sales: 0.43
• Cash Flow: $14.19 per share
• Price / Cash Flow: 1.74
• Book Value: $35.72 per share
• Price / Book: 0.69

Miscellaneous

• Outstanding Shares: 101,740,000
• Free Float: N/A
• Market Cap: $2.51 billion
• Optionable: Optionable
• Beta: 1.19