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 Metrics→Stable
- Revenue Growth Vs Declining Estimates→Stable
- Price Above Intrinsic Value Target↑Improving
- +1 more pillar — see the Why tab for full reasoning
Millicom International Cellular (TIGO) Stock Analysis
Range Bound setup
Communication Services · Telecom Services
Hold if already holding. Not a fresh buy at $93.89, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Leverage penalty (D/E 4.9): -1.5.
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
Hold if already holding. Not a fresh buy at $93.89, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Leverage penalty (D/E 4.9): -1.5. Chart setup: RSI 48 mid-range, Bollinger mid-band. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 5.7/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news boost analyst cluster(3), earnings proximity 81d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-08-16Recent Developments — Millicom International Cellular
Latest news
- NEWS Arrowstreet Capital Limited Partnership Sells 506,990 Shares of Millicom International Cellular SA $TIGO - MarketBeat — MarketBeat neutral
- NEWS Millicom International Cellular SA (TIGO) Technical Analysis: Support, Resistance, Indicators & Moving Averages - Tradin — TradingKey neutral
- NEWS Millicom International Cellular SA (TIGO) Technical Analysis: Support, Resistance, Indicators & Moving Averages - tradin — tradingkey.com neutral
- NEWS Millicom International Cellular Shares Fall After Downgrade From UBS - Moomoo — Moomoo negative
- NEWS Millicom International Cellular stock (SE0001174970): earnings momentum and new subsea deal in focus - AD HOC NEWS — AD HOC NEWS positive
Generated 2026-08-16T22:17:08Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $93.89, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Leverage penalty (D/E 4.9): -1.5. Chart setup: RSI 48 mid-range, Bollinger mid-band. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Target $104.99 (+11.8%), stop $87.32 (−7.5%), A.R:R -1.2:1. Score 5.7/10, moderate confidence.
Take-profit target: $104.99 (-11.0% upside). Target $104.99 (+11.8%), stop $87.32 (−7.5%), A.R:R -1.2:1. Stop-loss: $87.32.
Analyst target reached - limited upside remaining; Leverage penalty (D/E 4.9): -1.5; Negative momentum.
Millicom International Cellular trades at a P/E of 23.5 (forward 12.1). TrendMatrix value score: 7.1/10. Verdict: Hold.
13 analysts cover TIGO with a consensus score of 2.5/5. Average price target: $96.
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.