Skip to main content
TIGOMillicom International CellularSell5.6·$95.75+2.12%
SellModerate Confidence
Investment thesis

Millicom International Cellular delivers elite financial quality — 37% return on equity, 19% net margins, 146% free-cash-flow conversion, and a Rule of 40 score of 73 — with 45% revenue growth and an attractive forward price-to-earnings of 13.7x, but forward earnings estimates are falling 30.3% in 30 days and the stock already sits 19.1% above its analyst-implied intrinsic value.

Thesis pillars

  • Elite Financial Quality MetricsStable
  • Revenue Growth Vs Declining EstimatesStable
  • Price Above Intrinsic Value TargetStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Millicom International Cellular (TIGO) Stock Analysis

Breakout setup · Narrative Gap edge

SellVALUE-TRAP 2/5Moderate Confidence

Communication Services · Telecom Services

Sell if holding. Analyst target reached at $95.75 — A.R:R is negative (-1.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (0.6% away).

Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers,... Read more

$95.75-1.0% A.UpsideScore 5.6/10#13 of 45 Telecom Services
QualityF-score6 / 9FCF yield11.46%
IncomeYield3.20%(5y avg 4.76%)Payout40.75%sustainable
Stop $88.17Target $93.83(resistance)A.R:R -1.6:1
Analyst target$85.30-10.9%8 analysts
$93.83our TP
$95.75price
$85.30mean
$52

Sell if holding. Analyst target reached at $95.75 — A.R:R is negative (-1.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (0.6% away). Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Score 5.6/10, moderate confidence.

Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 32d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Aug 6, 202632d to earnings· next earnings call

Thesis

Rewards
Strong earnings beat streak (3/4)
High-quality business
Attractive valuation
Risks
Analyst target reached - limited upside remaining
Near 52-week high (0.6% away)
Leverage penalty (D/E 3.8): -1.5

Key Metrics

P/E (TTM)12.7
P/E (Fwd)13.1
Mkt Cap$15.7B
EV/EBITDA9.5
Profit Mgn19.1%
ROE37.4%
Rev Growth45.1%
Beta0.89
Dividend3.20%
Rating analysts13

Quality Signals

Piotroski F6/9MoatWideCompounder

Options Flow

P/C0.55bullish
IV75%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.7
Support Resistance
0.7
52w Position
9.8

Negative sentiment — recent news tone and/or analyst downgrades drag the composite below neutral.static

Erm Sentiment
0.0
Price Target
3.5
Analyst Rating
6.8
Light analyst coverage (8.0) — signal dampenedBelow analyst targetEstimates falling as sentiment proxy (-30.3%)
GatesA.R:R -1.6=NEGATIVEMomentum 5.5<5.5 (soft — BUY_NOW allowed but watch)Momentum 5.5>=4.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 32d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARBreakoutSuitability: Moderate
RSI
52 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $82.00Resistance $95.75

Price Targets

$88
$94
A.Upside-2.0%
A.R:R-1.6:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-21.7% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-08-06 (32d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is TIGO stock a buy right now?

Sell if holding. Analyst target reached at $95.75 — A.R:R is negative (-1.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (0.6% away). Chart setup: Golden cross, above all MAs, RSI 52, MACD bullish. Prior stop was $88.17. Score 5.6/10, moderate confidence.

What is the TIGO stock price target?

Take-profit target: $93.83 (-1.0% upside). Prior stop was $88.17. Stop-loss: $88.17.

What are the risks of investing in TIGO?

Analyst target reached - limited upside remaining; Near 52-week high (0.6% away); Leverage penalty (D/E 3.8): -1.5.

Is TIGO overvalued or undervalued?

Millicom International Cellular trades at a P/E of 12.7 (forward 13.1). TrendMatrix value score: 7.2/10. Verdict: Sell.

What do analysts say about TIGO?

13 analysts cover TIGO with a consensus score of 2.5/5. Average price target: $85.

What does Millicom International Cellular do?Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company...

Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.

Related stocks: KYIV (Kyivstar Group Ltd.) · VEON (VEON Ltd.) · TEO (Telecom Argentina SA) · RCI (Rogers Communication, Inc.) · AD (Array Digital Infrastructure, I)
Home Stocks TIGO

Latest news

Latest News

Moomoo41d ago
AD HOC NEWS48d agoEarnings
MSN63d agoEarnings
TradingView42d agoAnalyst
Seeking Alpha56d agoEarnings
Yahoo Finance56d agoEarnings
Marketscreener.com56d agoEarnings
Quiver Quantitative56d agoEarnings
AOL.com63d agoEarnings
Investing.com Canada63d agoEarnings
MarketBeat63d agoEarnings
GuruFocus47d ago
AD HOC NEWS59d agoEarnings
AD HOC NEWS57d ago
GuruFocus47d ago
Yahoo Finance60d agoEarnings
Newser.com60d agoEarnings
TradingKey60d ago
Newser.com60d ago
MarketBeat60d ago
Loading more...