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Millicom International Cellular - TIGO Stock Forecast, Price & News

$15.61
+0.52 (+3.45%)
(As of 08/10/2022 05:12 PM ET)
Add
Compare
Today's Range
$15.52
$15.68
50-Day Range
$12.98
$17.71
52-Week Range
$12.82
$39.24
Volume
162,751 shs
Average Volume
147,075 shs
Market Capitalization
$1.59 billion
P/E Ratio
2.00
Dividend Yield
N/A
Price Target
$37.15

Millicom International Cellular MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
137.8% Upside
$37.15 Price Target
Short Interest
Healthy
0.61% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.90mentions of Millicom International Cellular in the last 14 days
Based on 2 Articles This Week
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.

2.28 out of 5 stars

Computer And Technology Sector

317th out of 653 stocks

Radiotelephone Communication Industry

6th out of 9 stocks

TIGO stock logo

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. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.

Analyst Upgrades and Downgrades

Separately, Scotiabank decreased their price objective on Millicom International Cellular from $36.10 to $26.30 in a report on Thursday, May 19th.

Millicom International Cellular Stock Down 1.6 %

Shares of NASDAQ:TIGO opened at $15.09 on Wednesday. The stock has a market cap of $1.54 billion, a PE ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 1.85. Millicom International Cellular has a 12-month low of $12.82 and a 12-month high of $39.24. The company has a 50-day moving average of $14.94 and a 200 day moving average of $20.87.

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TIGO Stock News Headlines

Millicom increases Tigo Panama ownership to 100%
See More Headlines
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TIGO Company Calendar

Last Earnings
10/28/2021
Today
8/10/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Radiotelephone communication
Sub-Industry
N/A
Current Symbol
NASDAQ:TIGO
Previous Symbol
NASDAQ:MICC
Employees
20,687
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.15
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$26.30
Forecasted Upside/Downside
+138.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$590 million
Pretax Margin
17.75%

Debt

Sales & Book Value

Annual Sales
$4.62 billion
Cash Flow
$17.94 per share
Book Value
$26.93 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.59 billion
Optionable
Not Optionable
Beta
0.91

Key Executives

  • Mr. Mauricio Ramos Borrero (Age 54)
    Pres, CEO & Exec. Director
    Comp: $3.72M
  • Mr. Timothy Lincoln Pennington BA (Age 62)
    Advisor
    Comp: $1.83M
  • Mr. Sheldon Bruha (Age 55)
    Sr. EVP & CFO
  • Mr. Esteban C. Iriarte (Age 50)
    Exec. VP & COO
  • Bart Vanhaeren
    VP of Corp. Fin.
  • Mr. Xavier Rocoplan (Age 48)
    Exec. VP and Chief Technology & Information Officer
  • Mr. Bruno Nieuwland (Age 50)
    Chief Admin. Officer
  • Mr. Michel Morin CFA
    VP of Investor Relations
  • Mr. Salvador Escalon (Age 47)
    Exec. VP, Chief Legal & Compliance Officer
  • Ms. Vivian K. Kobeh
    Corp. Communications Director













TIGO Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TIGO shares.
View TIGO analyst ratings
or view top-rated stocks.

What is Millicom International Cellular's stock price forecast for 2022?

3 brokerages have issued 12-month target prices for Millicom International Cellular's stock. Their TIGO share price forecasts range from $26.30 to $48.00. On average, they expect the company's stock price to reach $37.15 in the next twelve months. This suggests a possible upside of 138.0% 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 2022?

Millicom International Cellular's stock was trading at $28.45 on January 1st, 2022. Since then, TIGO shares have decreased by 45.1% and is now trading at $15.61.
View the best growth stocks for 2022 here
.

Are investors shorting Millicom International Cellular?

Millicom International Cellular saw a increase in short interest in July. As of July 31st, there was short interest totaling 625,400 shares, an increase of 15.6% from the July 15th total of 541,200 shares. Based on an average daily volume of 192,300 shares, the days-to-cover ratio is currently 3.3 days.
View Millicom International Cellular's Short Interest
.

When is Millicom International Cellular's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TIGO earnings forecast
.

How were Millicom International Cellular's earnings last quarter?

Millicom International Cellular S.A. (NASDAQ:TIGO) released its quarterly earnings data on Thursday, October, 28th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.43 by $0.38. The technology company earned $1.09 billion during the quarter. Millicom International Cellular had a net margin of 15.11% and a trailing twelve-month return on equity of 24.31%.

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), Primo Water (PRMW) and 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 many different retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (0.08%), Koss Olinger Consulting LLC (0.03%), Oppenheimer Asset Management Inc. (0.03%), Spire Wealth Management (0.03%), Clifford Capital Partners LLC (0.03%) and Beese Fulmer Investment Management Inc. (0.02%).

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 $15.61.

How much money does Millicom International Cellular make?

Millicom International Cellular (NASDAQ:TIGO) has a market capitalization of $1.59 billion and generates $4.62 billion in revenue each year. The technology company earns $590 million in net income (profit) each year or $7.82 on an earnings per share basis.

How many employees does Millicom International Cellular have?

The company employs 20,687 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 8/10/2022 by MarketBeat.com Staff

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