Millicom International Cellular (TIGO) Set to Announce Earnings on Thursday

Key Points

• Millicom International Cellular is expected to report Q3 2026 earnings before the market opens on November 5, with analysts forecasting earnings of $0.979 per share and revenue of $2.23 billion.
• The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 3.8% yield; the dividend payout ratio is 75.76%.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $85.68, despite mixed individual rating changes.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) is expected to announce its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.9790 per share and revenue of $2.23 billion for the quarter. Parties are encouraged to explore the company's upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Thursday, November 5, 2026 at 8:00 AM ET.

Millicom International Cellular Stock Performance

TIGO opened at $79.66 on Thursday. The firm has a market capitalization of $13.46 billion, a PE ratio of 20.12 and a beta of 0.93. Millicom International Cellular has a twelve month low of $44.88 and a twelve month high of $107.13. The firm's 50-day moving average price is $89.30 and its 200 day moving average price is $82.42. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07.

Millicom International Cellular Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 8th will be issued a $0.75 dividend. The ex-dividend date is Friday, January 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.8%. Millicom International Cellular's dividend payout ratio is presently 75.76%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Scotiabank increased their price target on Millicom International Cellular from $52.40 to $60.10 and gave the company a "sector underperform" rating in a report on Friday, August 7th. JPMorgan Chase & Co. downgraded Millicom International Cellular from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $100.00 to $105.00 in a research report on Tuesday, August 18th. Weiss Ratings raised Millicom International Cellular from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. UBS Group upped their target price on Millicom International Cellular from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Finally, Zacks Research raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.68.

About Millicom International Cellular

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.

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