Lazard Asset Management LLC Boosts Position in Millicom International Cellular SA $TIGO

Posted by Geri Gentry on Jul 31st, 2026

Lazard Asset Management LLC increased its position in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 13.3% during the 1st quarter, HoldingsChannel reports. The fund owned 88,791 shares of the technology company’s stock after acquiring an additional 10,417 shares during the quarter. Lazard Asset Management LLC’s holdings in Millicom International Cellular were worth $6,654,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TIGO. Family Manage LLC increased its position in Millicom International Cellular by 15.2% during the first quarter. Family Manage LLC now owns 10,821 shares of the technology company’s stock worth $811,000 after purchasing an additional 1,429 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Millicom International Cellular in the 1st quarter valued at about $390,000. Renaissance Technologies LLC boosted its holdings in Millicom International Cellular by 18.9% in the 1st quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company’s stock valued at $41,201,000 after purchasing an additional 87,400 shares during the last quarter. Modern Wealth Management LLC purchased a new stake in shares of Millicom International Cellular in the 1st quarter valued at approximately $632,000. Finally, Sei Investments Co. grew its stake in shares of Millicom International Cellular by 31.7% in the 1st quarter. Sei Investments Co. now owns 546,999 shares of the technology company’s stock valued at $40,990,000 after buying an additional 131,580 shares during the period.

Insider Buying and Selling at Millicom International Cellular

In other news, insider Salvador Escalon sold 49,288 shares of Millicom International Cellular stock in a transaction on Monday, June 1st. The stock was sold at an average price of $88.51, for a total value 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. The trade was a 22.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 50,140 shares of company stock valued at $4,425,461 over the last ninety days. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank raised their target price on 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 downgraded Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, UBS Group upped their price target on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Millicom International Cellular currently has an average rating of “Hold” and a consensus target price of $79.28.

Check Out Our Latest Stock Analysis on TIGO

Millicom International Cellular Stock Performance

NASDAQ:TIGO opened at $95.17 on Friday. Millicom International Cellular SA has a fifty-two week low of $39.01 and a fifty-two week high of $100.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62. The company has a 50 day moving average price of $90.80 and a 200 day moving average price of $78.90. The stock has a market capitalization of $16.08 billion, a P/E ratio of 12.93 and a beta of 0.92.

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

Millicom International Cellular Company Profile

(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.