NASDAQ:TIGO

Millicom International Cellular (TIGO) Stock Forecast, Price & News

$15.93

-0.23 (-1.42%)

(As of 09/21/2023 ET)

Compare

Today's Range: $15.92
▼
$16.10
50-Day Range: $15.12
▼
$17.04
52-Week Range: $10.22
▼
$21.15

Volume: 88,236 shs
Average Volume: 75,020 shs
Market Capitalization: N/A

P/E Ratio: 398.25
Dividend Yield: N/A
Price Target: $17.63

Millicom International Cellular MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 10.7% Upside
$17.63 Price Target
Short Interest: Bearish
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.15 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
Millicom International Cellular has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.63, Millicom International Cellular has a forecasted upside of 10.7% from its current price of $15.93.
Amount of Analyst Coverage
Millicom International Cellular has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Millicom International Cellular has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Millicom International Cellular has recently increased by 10.57%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TIGO.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Millicom International Cellular this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Millicom International Cellular to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Millicom International Cellular is 398.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 129.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Millicom International Cellular is 398.25, which means that it is trading at a less expensive P/E ratio than the Communication Services sector average P/E ratio of about 592.63.
Price to Book Value per Share Ratio
Millicom International Cellular has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Millicom International Cellular (NASDAQ:TIGO) Stock

Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. It markets its products and services under Tigo and Tigo Business brands. Millicom International Cellular S.A. was founded in 1990 and is headquartered in Luxembourg.

TIGO Price History

30 days | 90 days | 365 days | Advanced Chart

TIGO Stock News Headlines

September 21, 2023 | markets.businessinsider.com

Scotiabank Sticks to Their Buy Rating for Millicom International Cellular SA (TIGO)

September 11, 2023 | finance.yahoo.com

Here’s Why Millicom International Cellular S.A. (TIGO) Detracted in Q2

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

August 31, 2023 | seekingalpha.com

Millicom's CEO Mauricio Ramos to step down after 2024 AGM

August 31, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) announces changes in the Board of Directors and in the executive leadership

August 31, 2023 | finance.yahoo.com

Millicom (Tigo) announces changes in the Board of Directors and in the executive leadership

August 15, 2023 | finance.yahoo.com

Investors in Millicom International Cellular (NASDAQ:TIGO) have unfortunately lost 62% over the last five years

July 28, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) files standard form for notification of major holdings

September 22, 2023 | Edge On The Street (Ad)

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July 27, 2023 | seekingalpha.com

Millicom International Cellular S.A. 2023 Q2 - Results - Earnings Call Presentation

July 27, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) Q2 2023 Earnings Release

July 27, 2023 | finance.yahoo.com

Millicom (Tigo) Q2 2023 Earnings Release

July 25, 2023 | finance.yahoo.com

Returns On Capital At Millicom International Cellular (NASDAQ:TIGO) Have Stalled

July 25, 2023 | seekingalpha.com

Millicom International Cellular Has Numerous Paths To Growth

July 19, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares

July 19, 2023 | finance.yahoo.com

Remuneration of Directors and Executives by distribution of Millicom (Tigo) shares

July 12, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) notice of second quarter 2023 results and video conference

July 12, 2023 | finance.yahoo.com

Millicom (Tigo) notice of second quarter 2023 results and video conference

June 29, 2023 | finance.yahoo.com

Here’s Why Millicom International Cellular S.A. (TIGO) Returned 50% in Q1

June 28, 2023 | benzinga.com

Millicom International Cellular SA Says Co Expects Q2 Service Revenue Of Between $1.27B-$1.3B

June 28, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) updates its financial targets

June 25, 2023 | finance.yahoo.com

Here’s Why You Should Consider Investing in Millicom International Cellular (TIGO)

June 24, 2023 | finance.yahoo.com

TIGO - Millicom International Cellular S.A.

June 22, 2023 | msn.com

Millicom International Cellular: There Is Plenty To Fix, But Potential Upside

June 20, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) to hold the third edition of the Regional Congress of its flagship program Maestr@s Conectad@s

June 20, 2023 | finance.yahoo.com

Millicom (Tigo) to hold the third edition of the Regional Congress of its flagship program Maestr@s Conectad@s

June 16, 2023 | finance.yahoo.com

UPDATE 2-European shares rise on defensive boost, post best week in 2 months

See More Headlines

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TIGO Company Calendar

Last Earnings: 7/27/2023
Today: 9/21/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radiotelephone communication
Sub-Industry: N/A
Sector: Computer and Technology
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: 19,446
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $17.63
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $17.00
Forecasted Upside/Downside: +10.7%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.04
Trailing P/E Ratio: 398.25
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $177 million
Net Margins: 0.11%
Pretax Margin: 2.53%
Return on Equity: 0.11%
Return on Assets: 0.03%

Debt

Debt-to-Equity Ratio: 1.81
Current Ratio: 0.84
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $5.62 billion
Price / Sales: N/A
Cash Flow: $14.35 per share
Price / Cash Flow: 1.11
Book Value: $35.72 per share
Price / Book: 0.45

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.97

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Key Executives

Mr. Mauricio Ramos Borrero (Age 55)
Pres, CEO & Exec. Director
Comp: $3.23M

Mr. Sheldon Bruha (Age 56)
Sr. EVP & CFO
Comp: $1.55M

Bart Vanhaeren
VP of Corp. Fin.

Mr. Xavier Rocoplan (Age 49)
Chief Commercial & Technology Officer

Mr. Bruno Nieuwland (Age 51)
Chief Admin. Officer

Mr. Michel Morin CFA
VP of Investor Relations

Mr. Salvador Escalon (Age 48)
Exec. VP, Chief Legal & Compliance Officer

Ms. Vivian K. Kobeh
Corp. Communications Director

Ms. Susy Bobenrieth (Age 58)
Exec. VP & Chief HR Officer

Mr. Karim Lesina (Age 48)
Exec. VP & Chief External Affairs Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TIGO Stock - Frequently Asked Questions

Should I buy or sell Millicom International Cellular stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TIGO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TIGO, but not buy additional shares or sell existing shares.
View TIGO analyst ratings or view top-rated stocks.
What is Millicom International Cellular's stock price forecast for 2023?: 5 equities research analysts have issued 1 year price targets for Millicom International Cellular's stock. Their TIGO share price forecasts range from $17.00 to $18.00. On average, they anticipate the company's stock price to reach $17.63 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price.
View analysts price targets for TIGO or view top-rated stocks among Wall Street analysts.
How have TIGO shares performed in 2023?: Millicom International Cellular's stock was trading at $12.63 at the start of the year. Since then, TIGO stock has increased by 26.1% and is now trading at $15.93.
View the best growth stocks for 2023 here.
When is Millicom International Cellular's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TIGO earnings forecast.
How were Millicom International Cellular's earnings last quarter?: Millicom International Cellular S.A. (NASDAQ:TIGO) announced its quarterly earnings data on Thursday, July, 27th. The technology company reported ($0.13) earnings per share (EPS) for the quarter. The technology company had revenue of $1.39 billion for the quarter. Millicom International Cellular had a net margin of 0.11% and a trailing twelve-month return on equity of 0.11%.
What other stocks do shareholders of Millicom International Cellular own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Millicom International Cellular investors own include Pfizer (PFE), AbbVie (ABBV), AT&T (T), United Parcel Service (UPS), Verizon Communications (VZ), Enbridge (ENB), Enterprise Products Partners (EPD), Altria Group (MO), Target (TGT).

What is Millicom International Cellular's stock symbol?: Millicom International Cellular trades on the NASDAQ under the ticker symbol "TIGO."
Who are Millicom International Cellular's major shareholders?: Millicom International Cellular's stock is owned by a variety of institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (0.00%), Renaissance Technologies LLC (0.00%), Cove Street Capital LLC (0.00%), Geode Capital Management LLC (0.00%), Gabelli Funds LLC (0.00%) and Morningstar Investment Services LLC (0.00%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Millicom International Cellular's stock price today?: One share of TIGO stock can currently be purchased for approximately $15.93.
How many employees does Millicom International Cellular have?: The company employs 19,446 workers across the globe.
How can I contact Millicom International Cellular?: Millicom International Cellular's mailing address is 2 Rue du Fort Bourbon, Luxembourg N4, L-1249. The official website for the company is www.millicom.com. The technology company can be reached via phone at (522) 775-9021, via email at investors@millicom.com, or via fax at 352-2775-9359.

This page (NASDAQ:TIGO) was last updated on 9/22/2023 by MarketBeat.com Staff

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