NASDAQ:TIGO

Millicom International Cellular - TIGO Stock Forecast, Price & News

$15.83

+0.29 (+1.87%)

(As of 08/16/2022 03:00 PM ET)

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Today's Range: $15.68
▼
$16.02
50-Day Range: $12.98
▼
$17.71
52-Week Range: $12.82
▼
$38.57

Volume: 1,288 shs
Average Volume: 139,377 shs
Market Capitalization: $1.61 billion

P/E Ratio: 2.02
Dividend Yield: N/A
Price Target: $37.15

Millicom International Cellular MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 134.7% Upside
$37.15 Price Target
Short Interest: Healthy
0.61% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.41
Based on 6 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.

2.37 out of 5 stars

Computer And Technology Sector

270th out of 664 stocks

Radiotelephone Communication Industry

5th out of 9 stocks

3.5

Analyst's Opinion

Consensus Rating
Millicom International Cellular has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.15, Millicom International Cellular has a forecasted upside of 134.7% from its current price of $15.83.
Amount of Analyst Coverage
Millicom International Cellular has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.61% of the outstanding shares of Millicom International Cellular have been sold short.
Short Interest Ratio / Days to Cover
Millicom International Cellular has a short interest ratio ("days to cover") of 3.3, 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 increased by 15.56%, 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.

4.1

News and Social Media Coverage

News Sentiment
Millicom International Cellular has a news sentiment score of 1.41. 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.
News Coverage This Week
MarketBeat has tracked 6 news articles for Millicom International Cellular this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for TIGO on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
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 Institutions
Only 10.83% of the stock of Millicom International Cellular is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Millicom International Cellular is 2.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Millicom International Cellular is 2.02, 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 384.38.
Price to Book Value per Share Ratio
Millicom International Cellular has a P/B Ratio of 0.59. 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. 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.

Millicom International Cellular Price Performance

NASDAQ:TIGO opened at $15.54 on Tuesday. Millicom International Cellular has a one year low of $12.82 and a one year high of $38.57. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.90 and a current ratio of 0.95. The stock has a market cap of $1.58 billion, a PE ratio of 1.99 and a beta of 0.91. The stock has a 50 day moving average price of $14.88 and a 200 day moving average price of $20.52.

Analysts Set New Price Targets

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

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TIGO Stock News Headlines

August 3, 2022 | finance.yahoo.com

Millicom (TIGO) rises to 2nd place in the Great Place to Work ranking for multinationals in Latin America

July 30, 2022 | seekingalpha.com

Millicom International Cellular S.A. (TIGO) CEO Mauricio Ramos on Q2 2022 Results - Earnings Call Transcript

July 29, 2022 | finance.yahoo.com

Is There An Opportunity With Millicom International Cellular S.A.'s (NASDAQ:TIGO) 49% Undervaluation?

July 28, 2022 | finance.yahoo.com

Millicom International Cellular SA (TIGO) Q2 2022 Earnings Call Transcript

July 28, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) Delivers Sustained Growth Momentum in Q2

July 28, 2022 | finance.yahoo.com

Millicom (Tigo) Delivers Sustained Growth Momentum in Q2

July 27, 2022 | americanbankingnews.com

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

July 23, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) Emissions Reduction Targets Validated by the Science Based Targets initiative

July 21, 2022 | finance.yahoo.com

Millicom (Tigo) Emissions Reduction Targets Validated by the Science Based Targets initiative

July 18, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) signs FTTH wholesale network agreement with ETB in Bogota

July 18, 2022 | finance.yahoo.com

Millicom (Tigo) signs FTTH wholesale network agreement with ETB in Bogota

July 13, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) signs FTTH wholesale network agreement with Ufinet in Bogota

July 13, 2022 | finance.yahoo.com

Millicom International: A Latin American Telecom Provider With Good Growth

July 11, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) notice of second quarter 2022 results and video conference

July 11, 2022 | finance.yahoo.com

Millicom (Tigo) notice of second quarter 2022 results and video conference

July 6, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Exercise of Rights and oversubscription by Millicom (Tigo) Directors and Executives

July 5, 2022 | finance.yahoo.com

Exercise of Rights and oversubscription by Millicom (Tigo) Directors and Executives

July 2, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (Tigo) completes its rights offering with issuance of new shares

July 2, 2022 | finance.yahoo.com

Millicom International Cellular S.A. (NASDAQ:TIGO) Delivered A Better ROE Than Its Industry

June 30, 2022 | nasdaq.com

Millicom International Cellular is Now Oversold (TIGO)

June 30, 2022 | finance.yahoo.com

Millicom (Tigo) completes its rights offering with issuance of new shares

June 29, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom increases Tigo Panama ownership to 100%

June 29, 2022 | finance.yahoo.com

Millicom increases Tigo Panama ownership to 100%

June 23, 2022 | finance.yahoo.com

Millicom (Tigo) to launch new digital “Maestr@s Conectad@s” platform for the digital skilling of teachers in Latin America

June 17, 2022 | finanznachrichten.de

Millicom International Cellular S.A.: Millicom (TIGO)'s rights offering fully subscribed

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TIGO Company Calendar

Last Earnings: 10/28/2021
Today: 8/16/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 12/31/2022

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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: 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: +134.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.82
Trailing P/E Ratio: 2.02
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $590 million
Net Margins: 15.11%
Pretax Margin: 17.75%
Return on Equity: 24.31%
Return on Assets: 4.91%

Debt

Debt-to-Equity Ratio: 1.85
Current Ratio: 0.95
Quick Ratio: 0.90

Sales & Book Value

Annual Sales: $4.62 billion
Price / Sales: 0.35
Cash Flow: $17.21 per share
Price / Cash Flow: 0.92
Book Value: $26.93 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 101,740,000
Free Float: N/A
Market Cap: $1.61 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TIGO Stock - Frequently Asked Questions

Should I buy or sell Millicom International Cellular stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1 year price objectives for Millicom International Cellular's stock. Their TIGO share price forecasts range from $26.30 to $48.00. On average, they predict the company's share price to reach $37.15 in the next year. This suggests a possible upside of 139.1% 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 2022?: Millicom International Cellular's stock was trading at $28.45 on January 1st, 2022. Since then, TIGO stock has decreased by 45.4% and is now trading at $15.54.
View the best growth stocks for 2022 here.
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) posted its quarterly earnings results 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 had revenue of $1.09 billion for 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), 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 shareholders include Gamco Investors INC. ET AL (1.13%), Renaissance Technologies LLC (0.41%), Millennium Management LLC (0.39%), FMR LLC (0.30%), DAVENPORT & Co LLC (0.08%) and Bridgewater Associates LP (0.06%).
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 $15.54.
How much money does Millicom International Cellular make?: Millicom International Cellular (NASDAQ:TIGO) has a market capitalization of $1.58 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 8/16/2022 by MarketBeat.com Staff

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Millicom International Cellular - TIGO Stock Forecast, Price & News

Millicom International Cellular MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month