Millicom International Cellular SA $TIGO Shares Purchased by Calamos Advisors LLC

Key Points

• Calamos Advisors increased its Millicom stake by 25.1% in the third quarter, adding 19,850 shares to reach 98,860 shares valued at about $8.6 million.
• Third-quarter revenue rose 60.8% year over year to $2.28 billion, slightly beating expectations, while adjusted EBITDA increased 57.7%. However, EPS of $0.58 missed the $0.98 consensus estimate.
• Millicom reported lower leverage of 2.53x and announced an additional $0.75 per share in dividend payments for January and April 2027. Analyst sentiment was mixed, with a consensus rating of “Hold.”

Calamos Advisors LLC boosted its stake in Millicom International Cellular SA (NASDAQ:TIGO - Free Report) by 25.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,860 shares of the technology company's stock after acquiring an additional 19,850 shares during the quarter. Calamos Advisors LLC owned about 0.06% of Millicom International Cellular worth $8,615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of Millicom International Cellular by 8.7% during the third quarter. Commonwealth Equity Services LLC now owns 16,027 shares of the technology company's stock worth $1,397,000 after purchasing an additional 1,279 shares in the last quarter. Collaborative Fund Advisors LLC boosted its stake in shares of Millicom International Cellular by 13.8% in the third quarter. Collaborative Fund Advisors LLC now owns 3,480 shares of the technology company's stock valued at $303,000 after purchasing an additional 422 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Millicom International Cellular by 10.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 120,081 shares of the technology company's stock valued at $10,464,000 after purchasing an additional 11,625 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Millicom International Cellular during the 3rd quarter valued at $36,000. Finally, State of Wyoming grew its holdings in Millicom International Cellular by 34.4% during the 3rd quarter. State of Wyoming now owns 2,241 shares of the technology company's stock valued at $195,000 after purchasing an additional 573 shares in the last quarter.

Key Headlines Impacting Millicom International Cellular

Here are the key news stories impacting Millicom International Cellular this week:

• Positive Sentiment: Revenue increased 60.8% year over year to $2.28 billion, slightly exceeding expectations, while adjusted EBITDA rose 57.7% to $1.09 billion. Equity free cash flow increased 27.1% to $316 million. Millicom Q3 2026 Earnings Release
• Positive Sentiment: Leverage declined to 2.53x, including the recent acquisitions in Colombia, Ecuador and Uruguay. The company also said it would increase the January and April 2027 dividend payments by an additional $0.75 per share, supporting investor returns. Millicom Q3 2026 Earnings Release
• Negative Sentiment: Quarterly EPS was $0.58, missing the $0.98 consensus estimate, and net profit attributable to owners was $98 million. The earnings shortfall may temper optimism despite the revenue growth; one report attributed the miss in part to one-time charges. Millicom Q3 2026 Earnings Analysis
• Negative Sentiment: Zacks Research downgraded TIGO from “strong buy” to “hold,” signaling a more cautious view from that research provider. Zacks Research Coverage

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TIGO shares. JPMorgan Chase & Co. lowered shares of Millicom International Cellular from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $100.00 to $105.00 in a report on Tuesday, August 18th. Weiss Ratings upgraded Millicom International Cellular from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Zacks Research downgraded Millicom International Cellular from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 4th. Royal Bank Of Canada set a $105.00 target price on Millicom International Cellular in a research report on Tuesday, August 18th. Finally, UBS Group lifted their target price on Millicom International Cellular from $90.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $85.68.

Millicom International Cellular Stock Performance

Millicom International Cellular stock opened at $83.24 on Monday. The stock has a market cap of $14.07 billion, a P/E ratio of 24.63 and a beta of 1.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. The stock has a 50 day moving average of $87.37 and a 200-day moving average of $83.30. Millicom International Cellular SA has a 52 week low of $46.85 and a 52 week high of $107.13.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.40). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.23 billion. Millicom International Cellular had a return on equity of 20.03% and a net margin of 7.02%. The firm's quarterly revenue was up 60.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. On average, analysts expect that Millicom International Cellular SA will post 2.41 EPS for the current fiscal year.

About Millicom International Cellular

Millicom International Cellular is a telecommunications company that serves consumers, households and businesses in Latin America under the Tigo brand. Its services include mobile voice and data, fixed broadband and pay television.

The company also provides digital and enterprise services, including connectivity and related technology solutions for businesses. Its operations span multiple Latin American markets, with offerings tailored to local consumer and business needs.

Founded in 1990, Millicom has developed from an international mobile operator into a provider of integrated telecommunications and digital services.

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