Millicom International Cellular (NASDAQ:TIGO) Sees Strong Trading Volume – Here’s What Happened

Posted by Brenda Bartman on Jun 26th, 2026

Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) shares saw an uptick in trading volume on Friday . 4,196,136 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 1,501,577 shares.The stock last traded at $88.7820 and had previously closed at $88.46.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TIGO. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, March 6th. Wall Street Zen downgraded Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Morgan Stanley reaffirmed a “positive” rating and set a $55.00 target price on shares of Millicom International Cellular in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.28.

View Our Latest Research Report on Millicom International Cellular

Millicom International Cellular Stock Down 0.0%

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 business’s 50 day simple moving average is $84.48 and its 200 day simple moving average is $71.62. The company has a market capitalization of $14.94 billion, a PE ratio of 12.05 and a beta of 0.91.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. As a group, analysts anticipate that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 owned 165,344 shares in the company, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TIGO. PNC Financial Services Group Inc. increased its holdings in shares of Millicom International Cellular by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 866 shares of the technology company’s stock valued at $65,000 after acquiring an additional 139 shares during the period. EWA LLC lifted its position in Millicom International Cellular by 2.5% during the 4th quarter. EWA LLC now owns 7,025 shares of the technology company’s stock worth $389,000 after acquiring an additional 169 shares during the period. Altshuler Shaham Ltd increased its holdings in shares of Millicom International Cellular by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 633 shares of the technology company’s stock valued at $47,000 after purchasing an additional 170 shares during the period. Vident Advisory LLC raised its stake in shares of Millicom International Cellular by 2.3% during the fourth quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock worth $635,000 after purchasing an additional 254 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Millicom International Cellular by 140.8% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after purchasing an additional 335 shares during the period.

Millicom International Cellular Company Profile

(Get Free Report)

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.