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: $26.78 to $27.61
• 50-Day Range: $25.82 to $28.65
• 52-Week Range: $15.55 to $28.75
• Volume: 85,060 shs
• Average Volume: 97,161 shs
• Market Capitalization: $2.73 billion
• P/E Ratio: 41.89
• Dividend Yield: N/A
• Price Target: $30.66
• Consensus Rating: Moderate Buy

Millicom International Cellular Stock Analysis - MarketRank™

Millicom International Cellular scored higher than 66% of companies evaluated by MarketBeat, and ranked 342nd out of 667 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 only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 25.75%

Earnings Growth

Earnings for Millicom International Cellular are expected to grow by 25.75% in the coming year, from $2.33 to $2.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Millicom International Cellular is 41.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.86.

Price to Earnings Ratio vs. Sector

The P/E ratio of Millicom International Cellular is 41.89, 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 263.68.

Price to Book Value per Share Ratio

Millicom International Cellular has a P/B Ratio of 0.75. 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

0.06% 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 0.7, 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 38.27%, 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 412.50%. 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 90.10% 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

0.06% 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 0.7, 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 38.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.30

News Sentiment

Millicom International Cellular has a news sentiment score of 0.30. 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 is a lower news sentiment than the 0.40 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Millicom International Cellular this week, compared to 3 articles on an average week.

Search Interest

4 people have searched for TIGO on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

2 people have added Millicom International Cellular to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

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 beginning of 2024. Since then, TIGO stock has increased by 48.9% and is now trading at $26.81.
View the best growth stocks for 2024 here.

How were Millicom International Cellular's earnings last quarter?

Millicom International Cellular S.A. (NASDAQ:TIGO) announced its quarterly earnings data on Friday, August, 2nd. The technology company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.05. The technology company had revenue of $1.46 billion for the quarter. Millicom International Cellular had a net margin of 1.83% and a trailing twelve-month return on equity of 2.91%.

Who are Millicom International Cellular's major shareholders?

Millicom International Cellular's top institutional investors include LB Partners LLC (0.50%), Simplicity Wealth LLC (0.02%), Semanteon Capital Management LP (0.01%) and SG Americas Securities LLC (0.01%).

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: 8/02/2024
• Today: 11/01/2024
• Next Earnings (Confirmed): 11/07/2024
• 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: +14.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.64
• Trailing P/E Ratio: 41.89
• Forward P/E Ratio: 11.51
• P/E Growth: N/A
• Net Income: $-82,000,000.00
• Net Margins: 1.83%
• Pretax Margin: 7.05%
• Return on Equity: 2.91%
• Return on Assets: 0.72%

Debt

• Debt-to-Equity Ratio: 1.72
• Current Ratio: 0.66
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: $5.84 billion
• Price / Sales: 0.47
• Cash Flow: $13.54 per share
• Price / Cash Flow: 1.98
• Book Value: $35.72 per share
• Price / Book: 0.75

Miscellaneous

• Outstanding Shares: 101,740,000
• Free Float: N/A
• Market Cap: $2.73 billion
• Optionable: Optionable
• Beta: 1.23