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: $26.65 to $27.06
• 50-Day Range: $23.84 to $27.78
• 52-Week Range: $15.55 to $28.75
• Volume: 554,508 shs
• Average Volume: 349,406 shs
• Market Capitalization: $4.63 billion
• P/E Ratio: 28.63
• Dividend Yield: 3.72%
• Price Target: $32.22
• Consensus Rating: Buy

Millicom International Cellular Stock Analysis - MarketRank™

Millicom International Cellular scored higher than 57% of companies evaluated by MarketBeat, and ranked 351st out of 656 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: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Millicom International Cellular has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Millicom International Cellular has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 48.69%

Earnings Growth

Earnings for Millicom International Cellular are expected to grow by 48.69% in the coming year, from $1.91 to $2.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Millicom International Cellular is 28.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of Millicom International Cellular is 28.63, 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 46.34.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.42% 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 6.5.

Change versus previous month

Short interest in Millicom International Cellular has recently increased by 78.68%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Millicom International Cellular is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.

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 106.38%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Millicom International Cellular will have a dividend payout ratio of 35.21% next year. This indicates that Millicom International Cellular will be able to sustain or increase its dividend.

Sustainability and ESG

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

Percentage of Shares Shorted

1.42% 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 6.5.

Change versus previous month

Short interest in Millicom International Cellular has recently increased by 78.68%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.17

News Sentiment

Millicom International Cellular has a news sentiment score of 0.17. 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 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Millicom International Cellular this week, compared to 3 articles on an average week.

MarketBeat Follows

4 people have added Millicom International Cellular to their MarketBeat watchlist in the last 30 days. This is an increase of 300% 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 $25.01 at the start of the year. Since then, TIGO stock has increased by 7.6% and is now trading at $26.91.
View the best growth stocks for 2025 here.

How were Millicom International Cellular's earnings last quarter?

Millicom International Cellular S.A. (NASDAQ:TIGO) released its quarterly earnings data on Thursday, November, 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.38. The firm'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 Brandes Investment Partners LP (2.66%), Southeastern Asset Management Inc. TN (1.40%), Gamco Investors INC. ET AL (0.50%) and LB Partners LLC (0.30%).

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.

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
• Ex-Dividend for 1/10 Dividend: 1/03/2025
• Dividend Payable: 1/10/2025
• Today: 2/21/2025
• Next Earnings (Estimated): 2/27/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Radiotelephone communication
• Sub-Industry: Communication
• 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: $32.22
• High Stock Price Target: $37.30
• Low Stock Price Target: $24.00
• Potential Upside/Downside: +19.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.94
• Trailing P/E Ratio: 28.63
• Forward P/E Ratio: 14.09
• 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: $5.66 billion
• Price / Sales: 0.82
• Cash Flow: $14.47 per share
• Price / Cash Flow: 1.86
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 172,100,000
• Free Float: 171,201,000
• Market Cap: $4.63 billion
• Optionable: Optionable
• Beta: 1.18