Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,081 shares of the technology company’s stock after purchasing an additional 11,625 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Millicom International Cellular were worth $10,464,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of TIGO. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Millicom International Cellular in the 3rd quarter valued at $36,000. State of Wyoming boosted its stake in Millicom International Cellular by 34.4% in the third quarter. State of Wyoming now owns 2,241 shares of the technology company’s stock valued at $195,000 after buying an additional 573 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Millicom International Cellular in the third quarter valued at about $6,396,000. Asset Management One Co. Ltd. boosted its stake in Millicom International Cellular by 2.1% in the third quarter. Asset Management One Co. Ltd. now owns 48,061 shares of the technology company’s stock valued at $4,188,000 after buying an additional 988 shares in the last quarter. Finally, Viewpoint Investment Partners Corp bought a new position in Millicom International Cellular in the third quarter valued at about $349,000.
More Millicom International Cellular News
Here are the key news stories impacting Millicom International Cellular this week:
- Positive Sentiment: Revenue increased 60.8% year over year to $2.28 billion, slightly exceeding expectations, while adjusted EBITDA rose 57.7% to $1.09 billion. Equity free cash flow increased 27.1% to $316 million. Millicom Q3 2026 Earnings Release
- Positive Sentiment: Leverage declined to 2.53x, including the recent acquisitions in Colombia, Ecuador and Uruguay. The company also said it would increase the January and April 2027 dividend payments by an additional $0.75 per share, supporting investor returns. Millicom Q3 2026 Earnings Release
- Negative Sentiment: Quarterly EPS was $0.58, missing the $0.98 consensus estimate, and net profit attributable to owners was $98 million. The earnings shortfall may temper optimism despite the revenue growth; one report attributed the miss in part to one-time charges. Millicom Q3 2026 Earnings Analysis
- Negative Sentiment: Zacks Research downgraded TIGO from “strong buy” to “hold,” signaling a more cautious view from that research provider. Zacks Research Coverage
Millicom International Cellular Price Performance
TIGO stock traded up $4.12 during midday trading on Friday, reaching $83.24. 1,272,018 shares of the stock were exchanged, compared to its average volume of 909,918. The stock has a market capitalization of $14.07 billion, a PE ratio of 24.63 and a beta of 1.00. Millicom International Cellular SA has a 52 week low of $46.85 and a 52 week high of $107.13. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.53 and a quick ratio of 0.51. The company has a fifty day moving average price of $87.37 and a 200 day moving average price of $83.30.
Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last posted its earnings results on Thursday, November 5th. The technology company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.40). The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.23 billion. Millicom International Cellular had a net margin of 9.19% and a return on equity of 18.39%. Millicom International Cellular’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. As a group, analysts expect that Millicom International Cellular SA will post 2.41 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have commented on TIGO shares. Zacks Research downgraded Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. UBS Group increased their target price on shares of Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Royal Bank Of Canada set a $105.00 price target on shares of Millicom International Cellular in a research note on Tuesday, August 18th. JPMorgan Chase & Co. lowered shares of Millicom International Cellular from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $100.00 to $105.00 in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular presently has an average rating of “Hold” and a consensus target price of $85.68.
View Our Latest Research Report on Millicom International Cellular
Millicom International Cellular Profile
Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.
Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.
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