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

Zacks Research downgraded shares of Millicom International Cellular (NASDAQ:TIGO) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks reports.

A number of other brokerages have also commented on TIGO. JPMorgan Chase & Co. lowered Millicom International Cellular from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $100.00 to $105.00 in a research note on Tuesday, August 18th. UBS Group raised their price target 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. Weiss Ratings raised Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Scotiabank boosted their target price on Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada set a $105.00 price objective on shares of Millicom International Cellular in a research report on Tuesday, August 18th. Three 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.68.

Millicom International Cellular Trading Up 5.2%

Shares of Millicom International Cellular stock opened at $83.24 on Wednesday. Millicom International Cellular has a 12-month low of $46.85 and a 12-month high of $107.13. The stock has a market cap of $14.07 billion, a PE ratio of 24.63 and a beta of 1.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. The company has a 50-day moving average of $87.37 and a two-hundred day moving average of $83.30.

Millicom International Cellular (NASDAQ:TIGO) last announced 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). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.23 billion. Millicom International Cellular had a return on equity of 18.39% and a net margin of 9.19%. Millicom International Cellular’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. On average, research analysts anticipate that Millicom International Cellular will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Millicom International Cellular by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 866 shares of the technology company’s stock worth $65,000 after purchasing an additional 139 shares during the period. Triumph Capital Management grew its holdings in shares of Millicom International Cellular by 3.0% in the second quarter. Triumph Capital Management now owns 5,170 shares of the technology company’s stock valued at $469,000 after purchasing an additional 151 shares in the last quarter. Allworth Financial LP lifted its position in Millicom International Cellular by 32.4% during the second quarter. Allworth Financial LP now owns 650 shares of the technology company’s stock valued at $59,000 after acquiring an additional 159 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in Millicom International Cellular by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 633 shares of the technology company’s stock worth $47,000 after acquiring an additional 170 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Millicom International Cellular by 24.9% in the third quarter. Farther Finance Advisors LLC now owns 1,142 shares of the technology company’s stock valued at $100,000 after purchasing an additional 228 shares during the period.

Trending Headlines about Millicom International Cellular

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

• Positive Sentiment: Revenue increased 60.8% year over year to $2.28 billion, slightly exceeding expectations, while adjusted EBITDA rose 57.7% to $1.09 billion. Equity free cash flow increased 27.1% to $316 million. Millicom Q3 2026 Earnings Release
• Positive Sentiment: Leverage declined to 2.53x, including the recent acquisitions in Colombia, Ecuador and Uruguay. The company also said it would increase the January and April 2027 dividend payments by an additional $0.75 per share, supporting investor returns. Millicom Q3 2026 Earnings Release
• Negative Sentiment: Quarterly EPS was $0.58, missing the $0.98 consensus estimate, and net profit attributable to owners was $98 million. The earnings shortfall may temper optimism despite the revenue growth; one report attributed the miss in part to one-time charges. Millicom Q3 2026 Earnings Analysis
• Negative Sentiment: Zacks Research downgraded TIGO from “strong buy” to “hold,” signaling a more cautious view from that research provider. Zacks Research Coverage

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.