Millicom International Cellular (NASDAQ:TIGO) Stock Price Down 6.5% – What’s Next?

Millicom International Cellular SA (NASDAQ:TIGO) traded down 6.5% during mid-day trading on Friday . The stock traded as low as $97.61 and last traded at $97.4790. 682,927 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,535,384 shares. The stock had previously closed at $104.31.

Key Headlines Impacting Millicom International Cellular

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

• Positive Sentiment: Second-quarter revenue rose 59.4% year over year to $2.18 billion, exceeding analysts’ $2.13 billion estimate. The sharp increase reflects the contribution of Millicom’s Latin American acquisitions and expanding operations. Millicom quarterly earnings report
• Positive Sentiment: Millicom raised its 2026 equity free cash flow target and lowered its expected year-end leverage, signaling improved cash generation and balance-sheet progress. Millicom raises guidance and declares dividend
• Positive Sentiment: The company declared a $1.50-per-share interim dividend, providing a direct shareholder-return catalyst and reinforcing management’s confidence in cash flow. Millicom interim dividend announcement
• Neutral Sentiment: Quarterly EPS was $0.64, beating the Zacks consensus estimate of $0.54, although estimates cited by other sources were higher. The results therefore present a mixed earnings-surprise picture. Millicom Q2 earnings estimates
• Negative Sentiment: EPS declined from $1.14 in the year-ago quarter to $0.64, and one analyst consensus cited by MarketBeat was $0.71. The lower profitability may be weighing on investors despite the strong acquisition-driven revenue growth. Millicom earnings data

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group upped their price target on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. Scotiabank lifted their price target on shares of Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. Zacks Research cut shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Millicom International Cellular presently has a consensus rating of “Hold” and an average target price of $79.28.

Millicom International Cellular Trading Down 6.9%

The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 24.53 and a beta of 0.91. The business’s 50 day simple moving average is $92.15 and its 200 day simple moving average is $80.49.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 9.19% and a return on equity of 17.20%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. Research analysts anticipate that Millicom International Cellular SA will post 1.78 EPS for the current year.

Insider Buying and Selling

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the completion of the sale, the insider directly owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This trade represents a 22.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 50,140 shares of company stock worth $4,425,461. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Millicom International Cellular

Several large investors have recently modified their holdings of TIGO. Allworth Financial LP lifted its holdings in shares of Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after purchasing an additional 418 shares during the period. Altshuler Shaham Ltd acquired a new position in Millicom International Cellular in the 4th quarter valued at $26,000. Blue Trust Inc. raised its position in Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after buying an additional 427 shares during the last quarter. Versant Capital Management Inc raised its position in Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after buying an additional 269 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Millicom International Cellular by 55.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after acquiring an additional 502 shares during the period.

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.