Millicom International Cellular (NASDAQ:TIGO) Sets New 1-Year High – Here’s What Happened

Millicom International Cellular SA (NASDAQ:TIGO)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $106.44 and last traded at $103.0080, with a volume of 335587 shares. The stock had previously closed at $91.79.

Millicom International Cellular News Roundup

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

• Positive Sentiment: Second-quarter revenue rose 59.4% year over year to $2.18 billion, exceeding analysts’ $2.13 billion estimate. The sharp increase reflects the contribution of Millicom’s Latin American acquisitions and expanding operations. Millicom quarterly earnings report
• Positive Sentiment: Millicom raised its 2026 equity free cash flow target and lowered its expected year-end leverage, signaling improved cash generation and balance-sheet progress. Millicom raises guidance and declares dividend
• Positive Sentiment: The company declared a $1.50-per-share interim dividend, providing a direct shareholder-return catalyst and reinforcing management’s confidence in cash flow. Millicom interim dividend announcement
• Neutral Sentiment: Quarterly EPS was $0.64, beating the Zacks consensus estimate of $0.54, although estimates cited by other sources were higher. The results therefore present a mixed earnings-surprise picture. Millicom Q2 earnings estimates
• Negative Sentiment: EPS declined from $1.14 in the year-ago quarter to $0.64, and one analyst consensus cited by MarketBeat was $0.71. The lower profitability may be weighing on investors despite the strong acquisition-driven revenue growth. Millicom earnings data

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TIGO shares. Zacks Research lowered Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. UBS Group raised their price target on shares of Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Scotiabank lifted their price objective on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Millicom International Cellular currently has an average rating of “Hold” and an average target price of $79.28.

Millicom International Cellular Trading Down 6.9%

The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 24.53 and a beta of 0.91. The company has a fifty day moving average price of $92.15 and a 200-day moving average price of $80.49.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm 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 17.20% and a net margin of 9.19%. As a group, research analysts expect that Millicom International Cellular SA will post 1.78 EPS for the current year.

Insider Buying and Selling

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction that occurred 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 owned 165,344 shares in the company, valued at approximately $14,634,597.44. This represents a 22.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 50,140 shares of company stock valued at $4,425,461. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Millicom International Cellular

Large investors have recently made changes to their positions in the company. Allworth Financial LP grew its position in Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after buying an additional 418 shares during the period. Altshuler Shaham Ltd purchased a new position in Millicom International Cellular in the fourth quarter valued at $26,000. Blue Trust Inc. raised its position in shares of Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after acquiring an additional 427 shares during the period. Versant Capital Management Inc raised its position in shares of Millicom International Cellular by 896.7% in the second quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after acquiring an additional 269 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $53,000 after acquiring an additional 502 shares in the last quarter.

About Millicom International Cellular

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.