Millicom International Cellular (TIGO) to Post Earnings on Thursday

Millicom International Cellular (NASDAQ:TIGO) is anticipated to release its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $2.1341 billion for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. On average, analysts expect Millicom International Cellular to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Millicom International Cellular Price Performance

Shares of TIGO stock opened at $92.86 on Wednesday. The business’s fifty day moving average is $91.36 and its 200 day moving average is $79.80. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The stock has a market cap of $15.69 billion, a price-to-earnings ratio of 12.62 and a beta of 0.91. Millicom International Cellular has a twelve month low of $39.01 and a twelve month high of $100.75.

Analysts Set New Price Targets

A number of analysts have recently commented on TIGO shares. UBS Group boosted their target price on shares of Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Scotiabank increased their price target on shares of Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. Zacks Research cut shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of “Hold” and a consensus price target of $79.28.

Insider Transactions at Millicom International Cellular

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $88.51, for a total value of $4,362,480.88. Following the sale, the insider directly owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 50,140 shares of company stock worth $4,425,461 in the last three months.

Hedge Funds Weigh In On Millicom International Cellular

Several institutional investors and hedge funds have recently modified their holdings of TIGO. Altshuler Shaham Ltd purchased a new position in shares of Millicom International Cellular in the 4th quarter worth about $26,000. Aster Capital Management DIFC Ltd purchased a new stake in Millicom International Cellular during the 4th quarter valued at about $61,000. CIBC Private Wealth Group LLC grew its position in Millicom International Cellular by 262.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,381 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Millicom International Cellular by 55.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock valued at $53,000 after purchasing an additional 502 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Millicom International Cellular during the 4th quarter valued at about $87,000.

Millicom International Cellular Company Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.