TIGO Stock - Millicom International Cellular S.A.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.80B | $5.66B | $5.62B | $4.26B | $4.17B |
| Gross Profit | $4.38B | $2.20B | $4.12B | $1.48B | $1.31B |
| Gross Margin | 75.5% | 38.9% | 73.2% | 34.6% | 31.5% |
| Operating Income | $1.34B | $773.00M | $915.00M | $404.00M | $240.00M |
| Net Income | $253.00M | $-82,000,000 | $57.00M | $590.00M | $-344,000,000 |
| Net Margin | 4.4% | -1.4% | 1.0% | 13.8% | -8.2% |
| EPS | $1.48 | $-0.48 | $0.41 | $3.60 | $-2.67 |
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 11th 2025 | UBS | Downgrade | Neutral | $49 |
| June 17th 2025 | Scotiabank | Downgrade | Sector Perform | $37 |
| January 29th 2025 | Morgan Stanley | Initiation | Equal Weight | $32 |
| January 22nd 2025 | HSBC Securities | Upgrade | Buy | $34 |
| September 20th 2024 | Scotiabank | Upgrade | Sector Outperform | - |
| September 6th 2024 | JP Morgan | Resumed | Overweight | $35 |
| August 15th 2024 | UBS | Upgrade | Buy | - |
| August 7th 2024 | Scotiabank | Downgrade | Sector Perform | - |
| July 2nd 2024 | HSBC Securities | Downgrade | Hold | - |
| May 28th 2024 | JP Morgan | Initiation | Overweight | $30 |
| March 28th 2024 | JP Morgan | Upgrade | Overweight | - |
| February 29th 2024 | New Street | Upgrade | Buy | $24← $20 |
| February 28th 2024 | HSBC Securities | Upgrade | Buy | - |
| January 5th 2024 | Morgan Stanley | Upgrade | Overweight | - |
| October 20th 2023 | HSBC Securities | Downgrade | Hold | $17← $20 |
Earnings History & Surprises
TIGOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 26, 2026 | $1.05 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.63 | $0.34 | -46.2% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $0.54 | $0.51 | -5.6% | ✗ MISS |
Q2 2025 | May 8, 2025 | $0.91 | $1.14 | +25.3% | ✓ BEAT |
Q1 2025 | Feb 27, 2025 | $0.78 | $0.20 | -74.4% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $0.68 | $0.30 | -55.9% | ✗ MISS |
Q3 2024 | Aug 2, 2024 | $0.51 | $0.46 | -9.8% | ✗ MISS |
Q2 2024 | May 8, 2024 | $0.08 | $0.53 | +562.5% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $0.29 | $-0.36 | -224.1% | ✗ MISS |
Q4 2023 | Oct 26, 2023 | $0.29 | $-0.03 | -110.3% | ✗ MISS |
Q3 2023 | Jul 27, 2023 | $0.25 | $-0.13 | -152.0% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.37 | $0.02 | -94.6% | ✗ MISS |
Q1 2023 | Feb 10, 2023 | $0.27 | $0.33 | +22.2% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $0.37 | $-0.20 | -154.1% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.20 | $0.11 | -45.0% | ✗ MISS |
Q2 2022 | Apr 28, 2022 | $0.15 | $0.23 | +53.3% | ✓ BEAT |
Q1 2022 | Feb 11, 2022 | $0.33 | $6.41 | +1842.4% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.43 | $0.05 | -88.4% | ✗ MISS |
Q3 2021 | Jul 29, 2021 | $0.10 | $-0.98 | -1080.0% | ✗ MISS |
Latest News
JP Morgan Maintains Overweight on Millicom Intl Cellular, Raises Price Target to $63
📈 PositiveLiberty Latin America, Millicom International Cellular Confirm Board Of Telecommunications Superintendency Decides Not To Accept Proposed Plan To Merge Companies' Business In Costa Rica
📉 NegativeMillicom Subsidiary Comcel Has Reached An Agreement With The U.S. Department Of Justice To Resolve An Investigation Concerning Historical Improper Payments Made To Guatemalan Government Officials
📉 NegativeScotiabank Maintains Sector Perform on Millicom Intl Cellular, Raises Price Target to $46.8
📈 PositiveMillicom Intl Cellular Q3 Adj. EPS $0.34 Misses $0.61 Estimate, Sales $1.420B Beat $1.400B Estimate
➖ NeutralMillicom International Cellular Acquires Telefónica's Telecommunications Operations In Ecuador For $380M
📈 PositiveUBS Downgrades Millicom Intl Cellular to Neutral, Raises Price Target to $49
➖ NeutralMillicom's Subsidiary Telecel Paraguay To Redeem $150M Of 5.875% Senior Notes Due 2027 On Sept. 15, 2024
➖ NeutralScotiabank Maintains Sector Perform on Millicom Intl Cellular, Raises Price Target to $46.1
➖ NeutralFrequently Asked Questions about TIGO
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