Millicom International Cellular - TIGO Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
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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%.

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).

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

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%).

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 $15.61.

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.

The company employs 20,687 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.