Millicom International Cellular (NASDAQ:TIGO) Rating Lowered to Hold at Zacks Research

Millicom International Cellular (NASDAQ:TIGO) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

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

Millicom International Cellular Price Performance

TIGO stock opened at $79.12 on Wednesday. Millicom International Cellular has a 52 week low of $46.85 and a 52 week high of $107.13. The firm has a market capitalization of $13.37 billion, a P/E ratio of 19.98 and a beta of 1.00. The company has a fifty day simple moving average of $87.57 and a two-hundred day simple moving average of $83.17. 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 (NASDAQ:TIGO) last posted its earnings results on Thursday, November 5th. The technology company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.40). Millicom International Cellular had a return on equity of 18.39% and a net margin of 9.19%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 60.8% on a year-over-year basis. Analysts anticipate that Millicom International Cellular will post 2.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. raised its holdings in shares of Millicom International Cellular by 90.6% in the third quarter. Eurizon Capital SGR S.p.A. now owns 30,092 shares of the technology company’s stock worth $2,623,000 after buying an additional 14,303 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Millicom International Cellular during the 3rd quarter worth approximately $752,000. AlphaCore Capital LLC lifted its stake in shares of Millicom International Cellular by 6.4% during the 3rd quarter. AlphaCore Capital LLC now owns 7,335 shares of the technology company’s stock worth $639,000 after acquiring an additional 441 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Millicom International Cellular by 37.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 87,929 shares of the technology company’s stock valued at $7,662,000 after acquiring an additional 24,104 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in Millicom International Cellular by 21.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 6,884 shares of the technology company’s stock valued at $600,000 after acquiring an additional 1,218 shares during the period.

Millicom International Cellular News Roundup

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 estimates, while organic revenue growth was 4.8%. Adjusted EBITDA increased 57.7% to $1.09 billion and equity free cash flow rose 27.1% to $316 million. Millicom Q3 2026 Earnings Release
• Positive Sentiment: Leverage declined to 2.53x, including recent acquisitions. Millicom also announced additional $0.75-per-share payments for its January and April 2027 dividends, adding to its quarterly dividend. Millicom Q3 2026 Earnings Release
• Negative Sentiment: Quarterly EPS of $0.58 fell short of the $0.98 consensus estimate. Reports attributed pressure on profit to one-time charges; net profit attributable to owners was $98 million. The earnings shortfall may weigh on sentiment despite the revenue beat. Zacks Q3 Earnings Coverage
• Negative Sentiment: Zacks Research downgraded TIGO from “strong buy” to “hold,” signaling a more cautious view from the research firm. Zacks Research Ratings

About Millicom International Cellular

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.