Millicom International Cellular (TIGO) Expected to Announce Quarterly Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.91 per share and revenue of $1.45 billion for the quarter.

Millicom International Cellular Stock Performance

TIGO opened at $34.54 on Thursday. Millicom International Cellular has a fifty-two week low of $20.39 and a fifty-two week high of $34.68. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The company has a fifty day moving average of $29.69 and a 200 day moving average of $27.41. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 36.75 and a beta of 0.90.

Millicom International Cellular Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is currently 202.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TIGO shares. Morgan Stanley started coverage on shares of Millicom International Cellular in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 price objective for the company. HSBC upgraded shares of Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their price objective on shares of Millicom International Cellular from $33.00 to $41.00 and gave the company an "overweight" rating in a research report on Thursday, April 3rd. Hsbc Global Res upgraded shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Barclays lowered their target price on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Millicom International Cellular has an average rating of "Moderate Buy" and a consensus price target of $35.65.

Millicom International Cellular Company Profile

Millicom International Cellular SA 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.

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