Millicom International Cellular (TIGO) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Millicom International Cellular (NASDAQ: TIGO):

• 1/29/2025 – Millicom International Cellular is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $32.00 price target on the stock.
• 1/22/2025 – Millicom International Cellular was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 1/22/2025 – Millicom International Cellular was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock.
• 1/16/2025 – Millicom International Cellular had its price target lowered by analysts at JPMorgan Chase & Co. from $36.00 to $33.00. They now have an “overweight” rating on the stock.

Millicom International Cellular Stock Performance

TIGO stock traded up $0.25 during mid-day trading on Wednesday, hitting $26.83. The company had a trading volume of 230,090 shares, compared to its average volume of 333,670. Millicom International Cellular S.A. has a 12 month low of $15.55 and a 12 month high of $28.75. The stock’s fifty day moving average price is $25.57 and its two-hundred day moving average price is $26.16. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The firm has a market cap of $4.62 billion, a PE ratio of 28.54 and a beta of 1.18.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.38). Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts forecast that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio is presently 106.38%.

Institutional Investors Weigh In On Millicom International Cellular

Several hedge funds and other institutional investors have recently made changes to their positions in TIGO. Blue Trust Inc. increased its holdings in Millicom International Cellular by 159.7% in the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after buying an additional 1,367 shares during the period. National Bank of Canada FI purchased a new position in Millicom International Cellular in the third quarter worth approximately $76,000. Point72 Asset Management L.P. purchased a new stake in shares of Millicom International Cellular in the 3rd quarter valued at $87,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Millicom International Cellular during the third quarter worth about $168,000. Finally, Principal Securities Inc. increased its holdings in shares of Millicom International Cellular by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock valued at $176,000 after acquiring an additional 1,277 shares during the last quarter.

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.