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

5 Wall Street research 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 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.
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5 brokerages have issued 1 year price objectives for Millicom International Cellular's shares. Their TIGO share price forecasts range from $14.00 to $18.00. On average, they predict the company's share price to reach $16.33 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
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Millicom International Cellular's stock was trading at $12.63 at the beginning of 2023. Since then, TIGO stock has increased by 42.4% and is now trading at $17.98.
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Millicom International Cellular saw a increase in short interest in May. As of May 15th, there was short interest totaling 659,400 shares, an increase of 20.1% from the April 30th total of 549,100 shares. Based on an average daily trading volume, of 92,200 shares, the days-to-cover ratio is currently 7.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Millicom International Cellular S.A. (NASDAQ:TIGO) released its quarterly earnings results on Thursday, April, 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The technology company earned $1.37 billion during the quarter. Millicom International Cellular had a net margin of 2.81% and a trailing twelve-month return on equity of 1.05%.

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).

Millicom International Cellular trades on the NASDAQ under the ticker symbol "TIGO."

Millicom International Cellular's stock is owned by many different institutional and retail investors. Top institutional investors include Brandes Investment Partners LP (0.00%), Gamco Investors INC. ET AL (0.00%), FMR LLC (0.00%), Renaissance Technologies LLC (0.00%), Cove Street Capital LLC (0.18%) and Arrowstreet Capital Limited Partnership (0.16%).

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.
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One share of TIGO stock can currently be purchased for approximately $17.98.

Millicom International Cellular (NASDAQ:TIGO) has a market capitalization of $1.83 billion and generates $5.62 billion in revenue each year. The technology company earns $177 million in net income (profit) each year or $1.30 on an earnings per share basis.

The company employs 19,446 workers across the globe.

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.