Should I buy or sell Millicom International Cellular stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?

5 brokers have issued 1 year price objectives for Millicom International Cellular's shares. Their TIGO share price targets range from $17.00 to $18.00. On average, they predict the company's stock price to reach $17.48 in the next twelve months. This suggests a possible upside of 8.1% 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 beginning of the year. Since then, TIGO shares have increased by 27.9% and is now trading at $16.16. 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 Friday, February 9th 2024. View our TIGO earnings forecast .

How were Millicom International Cellular's earnings last quarter?

Millicom International Cellular S.A. (NASDAQ:TIGO) issued its quarterly earnings data on Thursday, October, 26th. The technology company reported ($0.03) EPS for the quarter. The technology company earned $1.42 billion during the quarter. Millicom International Cellular had a trailing twelve-month return on equity of 0.94% and a net margin of 0.68%.

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) .

Who are Millicom International Cellular's major shareholders?

Millicom International Cellular's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Brandes Investment Partners LP (0.00%), Gamco Investors INC. ET AL (0.00%), Renaissance Group LLC (0.00%), Gabelli Funds LLC (0.00%), Morningstar Investment Services LLC (0.00%) and DAVENPORT & Co LLC (0.09%).

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 .

Millicom International Cellular Stock Price, News & Analysis (NASDAQ:TIGO)

$16.10

-1.03 (-6.01%)

(As of 03:50 PM ET)

Compare

Today's Range: $16.07
▼
$16.50
50-Day Range: $14.64
▼
$17.30
52-Week Range: $12.33
▼
$21.15

Volume: 75,440 shs
Average Volume: 123,634 shs
Market Capitalization: N/A

P/E Ratio: 73.18
Dividend Yield: N/A
Price Target: $17.48

Millicom International Cellular MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 8.1% Upside
$17.48 Price Target
Short Interest: Healthy
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.

1.72 out of 5 stars

1.1

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 $17.48, Millicom International Cellular has a forecasted upside of 8.1% from its current price of $16.16.
Amount of Analyst Coverage
Millicom International Cellular has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Millicom International Cellular has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Millicom International Cellular has recently decreased by 7.61%, indicating that investor sentiment is improving 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.

2.7

News and Social Media Coverage

News Sentiment
Millicom International Cellular has a news sentiment score of 1.89. 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 higher news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
MarketBeat Follows
Only 1 people have added Millicom International Cellular to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

N/A

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Millicom International Cellular insiders have not sold or bought any company stock.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Millicom International Cellular is 73.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of Millicom International Cellular is 73.45, 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 246.21.
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 Stock (NASDAQ:TIGO)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TIGO Stock News Headlines

November 2, 2023 | seekingalpha.com

Millicom International Cellular: Deleverage Is The Key Focus

October 28, 2023 | finance.yahoo.com

Millicom International Cellular S.A. (NASDAQ:TIGO) Q3 2023 Earnings Call Transcript

December 5, 2023 | Wealthpress (Ad)

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October 28, 2023 | markets.businessinsider.com

Scotiabank Keeps Their Buy Rating on Millicom International Cellular SA (TIGO)

October 27, 2023 | finance.yahoo.com

Millicom International Cellular S.A. (NASDAQ:TIGO) has caught the attention of institutional investors who hold a sizeable 47% stake

October 26, 2023 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) Q3 2023 Earnings Release

October 26, 2023 | finance.yahoo.com

Millicom (Tigo) Q3 2023 Earnings Release

October 24, 2023 | finance.yahoo.com

Millicom (Tigo) announces the Nomination Committee ahead of the 2024 Annual General Meeting

December 5, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 20, 2023 | finance.yahoo.com

Morningstar: 3 compelling foreign stocks you can buy at a cheap price

October 18, 2023 | finance.yahoo.com

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

October 12, 2023 | finance.yahoo.com

Millicom (Tigo) and EPM agree to jointly capitalize UNE EPM Telecomunicaciones S.A. (Tigo-UNE)

October 11, 2023 | markets.businessinsider.com

Scotiabank Remains a Buy on Millicom International Cellular SA (TIGO)

October 5, 2023 | finance.yahoo.com

Colombia's EPM OKs $71 million funding for telecoms unit Tigo

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

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

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

See More Headlines

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Company Calendar

Last Earnings: 10/26/2023
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/09/2024

Get Stock Alerts

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 Target: $17.48
High Stock Price Target: $18.00
Low Stock Price Target: $17.00
Potential Upside/Downside: +2.0%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.22
Trailing P/E Ratio: 77.86
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $177 million
Net Margins: 0.68%
Pretax Margin: 3.09%
Return on Equity: 0.94%
Return on Assets: 0.24%

Debt

Debt-to-Equity Ratio: 1.81
Current Ratio: 0.87
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $5.62 billion
Price / Sales: N/A
Cash Flow: $13.93 per share
Price / Cash Flow: 1.23
Book Value: $35.72 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: 0.96

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Key Executives

Mr. Mauricio Ramos Borrero (Age 55)
CEO & Interim Executive Chairman
Comp: $3.23M
Mr. Sheldon Bruha (Age 56)
Senior EVP & CFO
Comp: $1.55M
Mr. Maxime Lombardini (Age 58)
President & COO
Bart Vanhaeren
Vice President of Corporate Finance
Mr. Xavier Rocoplan (Age 49)
Chief Commercial & Technology Officer
Mr. Bruno Nieuwland (Age 51)
Chief Administrative Officer
Mr. Michel Morin CFA
Vice President of Investor Relations
Mr. Salvador Escalon (Age 48)
Executive VP, Chief Legal & Compliance Officer
Sofia Corral
Director of Corporate Communications
Ms. Susy Bobenrieth (Age 58)
Executive VP & Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TIGO Stock Analysis - Frequently Asked Questions

Should I buy or sell Millicom International Cellular stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?: 5 brokers have issued 1 year price objectives for Millicom International Cellular's shares. Their TIGO share price targets range from $17.00 to $18.00. On average, they predict the company's stock price to reach $17.48 in the next twelve months. This suggests a possible upside of 8.1% 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 beginning of the year. Since then, TIGO shares have increased by 27.9% and is now trading at $16.16.
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 Friday, February 9th 2024.
View our TIGO earnings forecast.

How were Millicom International Cellular's earnings last quarter?: Millicom International Cellular S.A. (NASDAQ:TIGO) issued its quarterly earnings data on Thursday, October, 26th. The technology company reported ($0.03) EPS for the quarter. The technology company earned $1.42 billion during the quarter. Millicom International Cellular had a trailing twelve-month return on equity of 0.94% and a net margin of 0.68%.
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).
Who are Millicom International Cellular's major shareholders?: Millicom International Cellular's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Brandes Investment Partners LP (0.00%), Gamco Investors INC. ET AL (0.00%), Renaissance Group LLC (0.00%), Gabelli Funds LLC (0.00%), Morningstar Investment Services LLC (0.00%) and DAVENPORT & Co LLC (0.09%).
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.

This page (NASDAQ:TIGO) was last updated on 12/5/2023 by MarketBeat.com Staff

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