Millicom International Cellular (NASDAQ:TIGO) Posts Earnings Results

Millicom International Cellular (NASDAQ:TIGO) posted its quarterly earnings data on Tuesday. The technology company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08, Zacks reports. Millicom International Cellular had a return on equity of 16.02% and a net margin of 19.16%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion.

Here are the key takeaways from Millicom International Cellular’s conference call:

• Millicom reported a strong Q1 2026 start, with organic service revenue up 4.9% year over year and adjusted EBITDA of $857 million at a 43.2% margin, showing solid operating leverage despite acquisition-related charges.
• Equity free cash flow reached a first-quarter record of $225 million, and management said Coltel should likely be a net contributor for full-year 2026, helping offset integration and financing costs.
• The company highlighted strong customer momentum, including 5.6 million postpaid net additions and 1.5 million home net adds reported on an acquired basis, with underlying organic growth also positive in mobile, home, and B2B. Management emphasized continued pre-to-post migration as a key growth driver.
• Colombia is becoming a major focus after the Coltel acquisition, with management outlining a three-part integration plan: cost reset, network improvement (including a 4x increase in 5G coverage), and commercial uplift. They identified more than $100 million of expected year-one savings.
• Management kept full-year 2026 guidance unchanged, targeting at least $900 million of equity free cash flow and around 2.5x leverage by year-end, but said it is still too early to update outlook until more integration work is completed in Q2.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO traded down $0.32 during midday trading on Thursday, reaching $81.66. 918,713 shares of the stock traded hands, compared to its average volume of 1,351,647. The company’s 50 day moving average is $78.00 and its 200 day moving average is $63.90. Millicom International Cellular has a one year low of $34.91 and a one year high of $85.26. The stock has a market capitalization of $13.80 billion, a PE ratio of 11.10 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.86.

Millicom International Cellular Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.7%. Millicom International Cellular’s dividend payout ratio is presently 40.76%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TIGO. Vident Advisory LLC lifted its stake in shares of Millicom International Cellular by 2.3% in the 4th quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock valued at $635,000 after purchasing an additional 254 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Millicom International Cellular by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 10,935 shares of the technology company’s stock valued at $606,000 after purchasing an additional 428 shares during the last quarter. AQR Capital Management LLC raised its holdings in Millicom International Cellular by 5.0% during the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock valued at $290,000 after buying an additional 453 shares during the period. Altshuler Shaham Ltd bought a new stake in Millicom International Cellular in the fourth quarter worth $26,000. Finally, EverSource Wealth Advisors LLC lifted its position in Millicom International Cellular by 55.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after buying an additional 502 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Friday, March 6th. Morgan Stanley reaffirmed a “positive” rating and issued a $55.00 price objective on shares of Millicom International Cellular in a research note on Thursday, February 26th. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $70.00 in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.64.

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.