Millicom International Cellular (NASDAQ:TIGO) Stock Rating Cut to “Hold” at Zacks Research

by · The Markets Daily

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks reports.

Several other research analysts have also recently issued reports on TIGO. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Scotiabank upped their target price on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered Millicom International Cellular from an “overweight” rating to a “neutral” rating and increased their price target for the company from $100.00 to $105.00 in a research note on Tuesday, August 18th. Royal Bank Of Canada set a $105.00 price target on Millicom International Cellular in a research report on Tuesday, August 18th. Finally, UBS Group boosted their price objective on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.68.

Check Out Our Latest Stock Analysis on TIGO

Millicom International Cellular Stock Performance

Shares of TIGO opened at $79.12 on Wednesday. The firm has a 50-day moving average price of $87.57 and a 200 day moving average price of $83.17. The firm has a market capitalization of $13.37 billion, a PE ratio of 22.34 and a beta of 1.00. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07. Millicom International Cellular has a 52-week low of $46.85 and a 52-week high of $107.13.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last released its earnings results on Thursday, November 5th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.40). Millicom International Cellular had a net margin of 9.19% and a return on equity of 18.39%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business posted $1.17 EPS. The firm’s quarterly revenue was up 60.8% on a year-over-year basis. On average, sell-side analysts anticipate that Millicom International Cellular will post 2.41 earnings per share for the current fiscal year.

Institutional Trading of Millicom International Cellular

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi grew its position in Millicom International Cellular by 120.8% in the first quarter. Amundi now owns 529,936 shares of the technology company’s stock worth $39,713,000 after buying an additional 289,913 shares during the last quarter. Saudi Central Bank bought a new position in shares of Millicom International Cellular in the second quarter valued at $7,014,000. Bank of America Corp DE increased its holdings in shares of Millicom International Cellular by 22.0% in the first quarter. Bank of America Corp DE now owns 243,778 shares of the technology company’s stock valued at $18,269,000 after buying an additional 43,947 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in shares of Millicom International Cellular in the first quarter valued at $2,373,000. Finally, Cullen Capital Management LLC acquired a new stake in shares of Millicom International Cellular during the 2nd quarter valued at $71,258,000.

More Millicom International Cellular News

Here are the key news stories impacting Millicom International Cellular this week:

  • Positive Sentiment: Revenue rose 60.8% year over year to $2.28 billion, beating analysts’ estimate of $2.23 billion; organic growth was 4.8%. Adjusted EBITDA increased 57.7% to $1.09 billion, and equity free cash flow grew 27.1% to $316 million. Millicom Q3 2026 Earnings Release
  • Positive Sentiment: Millicom said leverage decreased to 2.53x, including its acquisitions in Colombia, Ecuador and Uruguay. It also increased the January and April 2027 dividend payments by an additional $0.75 per share, following a shift to a May-to-May dividend cycle. Millicom Q3 2026 Earnings Release
  • Neutral Sentiment: Reported revenue growth was partly acquisition-driven: organic growth was more modest at 4.8%. Millicom Q3 2026 Earnings Release
  • Negative Sentiment: EPS was $0.58, missing the $0.98 consensus estimate. Reports attributed the shortfall in part to one-time charges; net profit attributable to company owners was $98 million. The earnings miss and lower profit may temper the positive revenue and cash-flow figures. Millicom Q3 2026 Earnings: Revenue Beats but EPS Misses

Millicom International Cellular Company Profile

(Get Free Report)

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.

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