TIGO

Millicom International Cellular SA

77.38

Nov 02 • 3:59 PM ET -2.19 (-2.75%)

77.65

Aftermarket • 7:30 PM ET +0.27 (0.35%)

Communication Services Telecom Services Luxembourg Large NASD

Peers: AMX SKM KT VOD TKC LILAK BCE TIMB VEON T

| Held by: IEFA ILF TDIV VYM IWR EFA LVHI IYZ DIV IWD

Scroll to Statements

Index	-
Market Cap	12.96B
Enterprise Value	24.01B
Income	665.00M
Sales	7.24B
Book/sh	14.64
Cash/sh	5.32
Dividend Est.	4.21 (5.44%)
Dividend TTM	2.99 (3.86%)
Dividend Ex-Date	Jan 08, 2027
Dividend Gr. 3/5Y	- -
Payout	41.38%
Employees	14962
IPO	Nov 01, 1982

P/E	19.51
Forward P/E	12.72
PEG	-
P/S	1.79
P/B	5.29
P/C	14.55
P/FCF	8.15
EV/EBITDA	7.20
EV/Sales	3.32
Quick Ratio	0.51
Current Ratio	0.53
Debt/Eq	4.85
LT Debt/Eq	4.26
Option/Short	Yes / Yes

EPS (ttm)	3.97
EPS next Y	6.08
EPS next Q	0.98
EPS this Y	-48.22%
EPS next Y	50.04%
EPS next 5Y	-1.63%
EPS past 3/5Y	167.59% -
Sales past 3/5Y	1.14% 6.89%
EPS Y/Y TTM	-29.84%
Sales Y/Y TTM	29.10%
EPS Q/Q	-83.91%
Sales Q/Q	58.82%
Earnings	Nov 05 BMO
EPS/Sales Surpr.	-8.49% 2.10%

Insider Own	49.91%
Insider Trans	-0.11%
Inst Own	47.31%
Inst Trans	-0.68%
ROA	3.72%
ROE	22.16%
ROIC	5.15%
Gross Margin	53.43%
Oper. Margin	23.01%
Profit Margin	9.19%
SMA20	-4.90%
SMA50	-12.64%
SMA200	-6.60%
Trades

Shs Outstand	167.71M
Shs Float	83.92M
Short Float	3.12%
Short Ratio	2.58
Short Interest	2.62M
52W High	107.13 -27.77%
52W Low	44.19 75.11%
Volatility	2.85% 3.55%
ATR (14)	2.84
RSI (14)	34.98
Beta	0.97
Rel Volume	0.67
Avg Volume	1.01M
Volume	675,686

Perf Week	-1.21%
Perf Month	-12.39%
Perf Quarter	-16.67%
Perf Half Y	-7.38%
Perf YTD	41.75%
Perf Year	66.82%
Perf 3Y	396.40%
Perf 5Y	187.06%
Perf 10Y	139.97%
Recom	2.78
Target Price	97.01
Prev Close	79.57
Price	77.38
Change %	-2.75%

Consensus

Hold

Avg. Price Target

$97.01

Implied Upside

+25.4%

Analysts6incl. previous ratings

Rating Distribution2 Buy · 3 Hold · 1 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Aug 18, 2026	Downgrade	JJP Morgan	Overweight → Neutral	$105	+35.7%
May 26, 2026	Downgrade	UUBS	Buy → Neutral	$90	+16.3%
Mar 06, 2026	Upgrade	HHSBC Securities	Hold → Buy	$89	+15.0%
Feb 11, 2026	Downgrade	BScotiabank	Sector Perform → Sector Underperform	$43	-44.4%
Jan 15, 2026	Upgrade	UUBS	Neutral → Buy	$70	-9.5%
Sep 11, 2025	Downgrade	UUBS	Buy → Neutral	$49	-36.7%
Jun 17, 2025	Downgrade	BScotiabank	Sector Outperform → Sector Perform	$37	-52.2%
Jan 29, 2025	Initiated	MMorgan Stanley	Equal-Weight	$32	-58.6%
Jan 22, 2025	Upgrade	HHSBC Securities	Hold → Buy	$34	-56.1%
Sep 20, 2024	Upgrade	BScotiabank	Sector Perform → Sector Outperform
Sep 06, 2024	Resumed	JJP Morgan	Overweight	$35	-54.8%
Aug 15, 2024	Upgrade	UUBS	Neutral → Buy
Aug 07, 2024	Downgrade	BScotiabank	Sector Outperform → Sector Perform
Jul 02, 2024	Downgrade	HHSBC Securities	Buy → Hold
May 28, 2024	Initiated	JJP Morgan	Overweight	$30	-61.2%
Mar 28, 2024	Upgrade	JJP Morgan	Neutral → Overweight
Feb 29, 2024	Upgrade	NNew Street	Neutral → Buy	$20 → $24	-69.0%
Feb 28, 2024	Upgrade	HHSBC Securities	Hold → Buy
Jan 05, 2024	Upgrade	MMorgan Stanley	Equal-Weight → Overweight
Oct 20, 2023	Downgrade	HHSBC Securities	Buy → Hold	$20 → $17	-78.0%

Oct-28-26 04:49PM	Millicom's Raised Cash Flow Target Faces Its First Test As Stock Slumps 20% (Earnings Whispers)
12:15PM	Millicom (Tigo) notice of third quarter 2026 results and video conference (GlobeNewswire)
Aug-18-26 09:37AM	Norwegian Cruise downgrade, Duolingo upgraded: Wall Street's top analyst calls (The Fly) -7.50%
Aug-06-26 03:05PM	Millicom International Cellular SA (TIGO) (Q2 2026) Earnings Call Highlights: Record EBITDA and ... (GuruFocus.com) +13.64%
06:05AM	Millicom (Tigo) raises 2026 Financial Guidance and declares $1.50 per share interim dividend (GlobeNewswire)
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06:00AM	Millicom (Tigo) Q2 2026 Earnings Release (GlobeNewswire)
Jul-27-26 04:47PM	Millicom (Tigo) notice of second quarter 2026 results and video conference (GlobeNewswire)
Jun-02-26 05:43PM	VEON Closes USD 1.4B Bond Offering & Refinances 2027 Debt Ahead of Schedule (Exec Edge)
May-20-26 08:13AM	Results of the Millicom (Tigo) AGM held today (GlobeNewswire)
May-12-26 03:01PM	Millicom International Cellular SA (TIGO) Q1 2026 Earnings Call Highlights: Strong Organic ... (GuruFocus.com)
06:00AM	Millicom (Tigo) Q1 2026 Earnings Release (GlobeNewswire)
Apr-30-26 10:39AM	Millicom (Tigo) notice of first quarter 2026 results and video conference (GlobeNewswire)
Apr-27-26 04:23PM	Millicom (Tigo) strengthens its position in Colombia following the successful acquisition of the government stake in Coltel (GlobeNewswire)
Apr-17-26 09:17AM	Millicom (Tigo) subsidiary Telefonica Celular del Paraguay S.A.E. announces its intent to redeem in full Senior Notes due 2027 (GlobeNewswire)
Apr-14-26 05:00PM	Millicom completes upsized reopening of $87.5 million of 7.375% Senior Notes Due 2032 (GlobeNewswire)
09:16AM	Loading…
Apr-13-26 09:16AM	FOX Latin America and Tigo Sports partner to expand sports content offering in Central America (GlobeNewswire)
Apr-10-26 09:05AM	Millicom (Tigo) strengthens regional connectivity in Central America through strategic agreement with Trans Americas Fiber System (GlobeNewswire)
Apr-01-26 11:56PM	Millicom prices reopening of $75 million of 7.375% Senior Notes Due 2032 (GlobeNewswire)
Mar-25-26 05:00PM	Convening Notice for Annual General Meeting of Shareholders (GlobeNewswire)
Mar-24-26 05:12PM	Millicom (Tigo) publishes its 2025 Annual Report, highlighting record financial results and expanded regional footprint (GlobeNewswire)
Feb-27-26 08:02PM	Millicom International Cellular SA (TIGO) Q4 2025 Earnings Call Highlights: Strong Financial ... (GuruFocus.com)
08:45AM	Millicom International Cellular Q4 Earnings Call Highlights (MarketBeat)
Feb-26-26 11:33PM	Analyst Report: Millicom International Cellular S.A. (Morningstar Research) +5.97%
09:55AM	Millicom International Cellular SA (TIGO) Tops Q4 Earnings and Revenue Estimates (Zacks)
06:00AM	Millicom (Tigo) Q4 2025 Earnings Release (GlobeNewswire)
Feb-25-26 08:57AM	What to Expect Ahead of Millicom International's Q4 Earnings Release? (Zacks)
Feb-17-26 08:25AM	Ceragon Networks (CRNT) Misses Q4 Earnings Estimates (Zacks)
Feb-13-26 09:33AM	Millicom (Tigo) notice of fourth quarter 2025 results and video conference (GlobeNewswire)
Feb-12-26 07:05AM	Amer Movil (AMX) Misses Q4 Earnings Estimates (Zacks)
Feb-10-26 10:40AM	1 High-Yield Dividend Stock Thats Up 148% Over the Past Year (Barchart)
09:00AM	Loading…
09:00AM	Millicom (Tigo) acquires Telefonica operations in Chile jointly with NJJ, structured to capture strategic value while protecting its balance sheet (GlobeNewswire)
Feb-05-26 04:00PM	Millicom (Tigo) Successfully Concludes Tender Offer for Telefonica's Controlling Stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) (GlobeNewswire)
Jan-29-26 09:55PM	Analyst Report: Millicom International Cellular S.A. (Morningstar Research)
Jan-27-26 04:00PM	Millicom (Tigo) announces successful bid for EPM's Stake in UNE (GlobeNewswire)
Jan-16-26 08:35AM	Millicom International Cellular (TIGO) Soars 6.5%: Is Further Upside Left in the Stock? (Zacks)
Jan-08-26 12:00PM	Are You Looking for a Top Momentum Pick? Why Millicom International Cellular SA (TIGO) is a Great Choice (Zacks)
Dec-24-25 08:48AM	Is the Options Market Predicting a Spike in Millicom International Cellular Stock? (Zacks)
Dec-15-25 12:00PM	Millicom International Cellular SA (TIGO) is a Great Momentum Stock: Should You Buy? (Zacks)
Nov-25-25 11:20AM	Communication Stocks Look to Close 2025 on Strong Note. A Look at 3 Charts. (Barrons.com)
Nov-20-25 12:00PM	What Makes Millicom International Cellular SA (TIGO) a Strong Momentum Stock: Buy Now? (Zacks)
09:58AM	Best Value Stock to Buy for Nov. 20th (Zacks)
Nov-13-25 09:15AM	Liberty Latin America and Millicom Provide Update on Proposed Costa Rica Transaction (Business Wire)
Nov-10-25 05:05PM	Comunicaciones Celulares S.A. Resolves DOJ Investigation Related to Historical Conduct (GlobeNewswire)
Nov-07-25 04:40PM	Analyst Report: Millicom International Cellular S.A. (Morningstar Research)
Nov-06-25 07:25AM	Millicom International Cellular SA (TIGO) Q3 Earnings Lag Estimates (Zacks)
06:00AM	Millicom (Tigo) Q3 2025 Earnings Release (GlobeNewswire)
Oct-30-25 06:00PM	Millicom (Tigo) acquires Telefonica Ecuador for USD 380 Million, strengthening its South American footprint (GlobeNewswire)
Oct-16-25 12:24PM	Millicom (Tigo) notice of third quarter 2025 results and video conference (GlobeNewswire)
11:00AM	Why Global Patents Are Suddenly Drowning U.S. Clean Energy Firms (Oilprice.com)
Oct-15-25 07:05AM	Amer Movil (AMX) Q3 Earnings Top Estimates (Zacks)
Oct-07-25 10:16AM	Millicom (Tigo) completes acquisition of Telefonica in Uruguay, strengthening its regional footprint in South America (GlobeNewswire)
Sep-05-25 09:00AM	Millicom (Tigo) subsidiary Telefonica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027 (GlobeNewswire)
Aug-27-25 09:59AM	Millicom International Cellular S.A. (TIGO): A Bull Case Theory (Insider Monkey)
12:22AM	Scotia Bank Lifts Millicom International Cellular SA (TIGO) on Acquisitions Impact (Insider Monkey)
Aug-20-25 04:40AM	Zacks Industry Outlook Highlights KDDI, Vodafone Group and Millicom International Cellular (Zacks)
Aug-19-25 10:12AM	3 Wireless Non-US Stocks Likely to Thrive Despite Industry Challenges (Zacks)
Aug-18-25 06:22AM	Best Income Stocks to Buy for August 18th (Zacks)
Aug-14-25 05:00PM	Millicom (Tigo) Reaches Strategic Agreement with EPM to facilitate Merger Process with ColTel (GlobeNewswire)
Aug-08-25 01:31AM	Analyst Report: Millicom International Cellular S.A. (Morningstar Research)
Aug-07-25 07:15AM	Millicom International Cellular SA (TIGO) Lags Q2 Earnings and Revenue Estimates (Zacks) +7.59%
06:00AM	Millicom (Tigo) Q2 2025 Earnings Release (GlobeNewswire)
Aug-06-25 05:00PM	Millicom (Tigo) declares $2.50 per share interim dividend to be paid in two equal installments on October 15, 2025 and April 15, 2026 (GlobeNewswire)
08:15AM	Ceragon Networks (CRNT) Q2 Earnings Match Estimates (Zacks)
Jul-28-25 05:30PM	IDB Invest and Bladex Support Tigo El Salvador to Expand Broadband Infrastructure and Enhance Digital Inclusion (PR Newswire)
Jul-18-25 12:49PM	Telecom Leader Millicom Retakes Buy Point As Profits Soar 115% (Investor's Business Daily)
Jul-17-25 02:23PM	Millicom (Tigo) notice of second quarter 2025 results and video conference (GlobeNewswire)
Jun-14-25 09:05AM	Millicom reports partial closing of infrastructure deal with SBA Communications (TipRanks)
Jun-13-25 05:54PM	Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefónica Ecuador (GlobeNewswire)
05:54PM	Millicom (Tigo) Strengthens South American Leadership with USD 380 Million Acquisition of Telefonica Ecuador (GlobeNewswire)
09:00AM	Millicom (Tigo) Announces Partial Closing of Infrastructure Deal with SBA and Intention to Declare a Special Dividend of $2.50 per Share Representing Around 45% of the Proceeds (GlobeNewswire)
May-26-25 12:00PM	Millicom International Cellular (TIGO) Moves to Strong Buy: Rationale Behind the Upgrade (Zacks)
09:40AM	Should Value Investors Buy Millicom International Cellular (TIGO) Stock? (Zacks)
May-21-25 04:45PM	Millicom (Tigo) to Acquire Telefónicas Operations in Uruguay for USD 440 Million, Expanding Presence in South America (GlobeNewswire)
04:45PM	Millicom (Tigo) to Acquire Telefonica's Operations in Uruguay for USD 440 Million, Expanding Presence in South America (GlobeNewswire)
03:33PM	Vodafone Group Stock Scores 80-Plus Relative Strength Rating (Investor's Business Daily)
12:52PM	Millicom (Tigo) cancels 3,096,305 treasury shares (GlobeNewswire)
10:45AM	Results of the Millicom (Tigo) AGM and EGM held today (GlobeNewswire)
May-09-25 03:08AM	Millicom International Cellular SA (MLCMF) Q1 2025 Earnings Call Highlights: Strong Customer ... (GuruFocus.com)
May-08-25 11:07PM	Analyst Report: Millicom International Cellular S.A. (Morningstar Research)
10:10AM	ATIS Group to Acquire Lati Paraguay from Millicom, Expanding Tower Footprint in the Southern Cone (Business Wire)
07:10AM	Millicom International Cellular SA (TIGO) Q1 Earnings Beat Estimates (Zacks)
06:00AM	Millicom (Tigo) Q1 2025 Earnings Release (GlobeNewswire)
May-07-25 08:15AM	Ceragon Networks (CRNT) Surpasses Q1 Earnings and Revenue Estimates (Zacks)
May-01-25 10:01AM	Millicom International Cellular SA (TIGO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release (Zacks)
Apr-29-25 08:23PM	Why Millicom International Cellular SA (TIGO) is Surging in 2025 (Insider Monkey)
05:23PM	Millicom (Tigo) notice of first quarter 2025 results and video conference (GlobeNewswire)
08:30AM	Q1 2025 SBA Communications Corp Earnings Call (Thomson Reuters StreetEvents)
Apr-28-25 07:11PM	Analyst Report: Millicom International Cellular S.A. (Morningstar Research)
Apr-23-25 04:30PM	SEB informs Millicom (Tigo) it has completed the sale of shares (GlobeNewswire)
Apr-21-25 05:04PM	Millicom International Cellular SA (TIGO) Q4 2024 Earnings Call Highlights: Strong Cash Flow ... (GuruFocus.com)
Apr-13-25 12:48PM	Longleaf Partners Global Fund Q1 2025 Commentary (Seeking Alpha)
10:29AM	Longleaf Partners International Fund Q1 2025 Commentary (Seeking Alpha)
Apr-11-25 07:00PM	Convening Notice for Annual General Meeting and Extraordinary General Meeting of Shareholders (GlobeNewswire)
Apr-08-25 05:16PM	Millicom (Tigo) releases its 2024 Annual Report, marking a year of transformation in Latin America's telecommunications industry (GlobeNewswire)
12:27PM	Millicom International Cellular Has Reset The Base (Rating Upgrade) (Seeking Alpha)
Apr-07-25 06:45PM	Millicom International: Decent Performance, But Expect The Short Term To Be Painful (Seeking Alpha)
Mar-28-25 09:51AM	Why Millicom International Cellular SA (TIGO) Is Surging In 2025? (Insider Monkey)
Mar-24-25 06:00PM	Millicom (Tigo) completes delisting from Nasdaq Stockholm and SEB informs Millicom of its intent to initiate the sale of shares not withdrawn from SDR program (GlobeNewswire)
Mar-20-25 05:30PM	Notification of transaction by a closely associated person of a Director of Millicom (Tigo) (GlobeNewswire)
09:00AM	SBA Communications: Headwinds Persist, But Growth Potential Remains (Rating Downgrade) (SeekingAlpha)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Trevino de Vega Blanca	Director	May 20 '26	Sale	73.92	284	20,993	14,163	Jul 06 08:22 AM
Dimovic Justine	Director	May 20 '26	Sale	73.92	284	20,993	8,562	Jul 06 08:19 AM
CHURCHILL BRUCE	Director	May 20 '26	Sale	73.92	284	20,993	26,729	Jul 06 08:17 AM
Arnal Maria Teresa	Director	May 20 '26	Sale	73.92	284	20,993	14,163	Jul 06 08:15 AM
Lesina Karim Antonio	EVP, CEA Officer	Jun 11 '26	Sale	90.00	42,497	3,824,730	118,101	Jun 15 04:37 PM
Karim Antonio Lesina	Officer	Jun 05 '26	Proposed Sale	86.20	42,497	3,663,241		Jun 05 04:32 PM
Escalon Salvador	Chief Legal & Compliance Off.	Jun 01 '26	Sale	88.51	49,288	4,362,719	165,344	Jun 03 04:31 PM
Escalon Salvador	Officer	May 19 '26	Proposed Sale	80.73	49,288	3,979,020		May 19 10:03 AM
MARCELO DANIEL BENITEZ	Officer	Mar 11 '26	Proposed Sale	72.56	725	52,606		Mar 11 04:09 PM
Escalon Salvador	Officer	Mar 02 '26	Proposed Sale	72.89	34,196	2,492,546		Mar 02 09:24 AM
MARCELO DANIEL BENITEZ	Officer	Feb 27 '26	Proposed Sale	72.93	11,500	838,667		Feb 27 04:52 PM
MARCELO DANIEL BENITEZ	Officer	Dec 29 '25	Proposed Sale	54.99	1,860	102,281		Dec 29 04:50 PM

Millicom International Cellular SA engages in the cable and mobile services. It operates through the Latin America and Africa geographical segments. The Latin America segment includes the Guatemala and Honduras joint ventures. The Africa segment comprises of the operations in Tanzania. The company was founded on December 14, 1990 and is headquartered in Luxembourg.

Chief Executive OfficerMr. Marcelo Benitez

Chief Financial OfficerMr. Bart Vanhaeren

Chief Technology & Information OfficerMr. Guillaume Duhaze

Vice President of Investor RelationsMr. Luca Pfeifer

Executive VP and Chief Legal & Compliance OfficerMr. Salvador Escalon J.D.

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TIGO

Millicom International Cellular SA

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