Millicom International Cellular (NASDAQ:TIGO) Shares Gap Down – Time to Sell?

Posted by Stanley Muller on May 14th, 2026

Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $78.50, but opened at $72.97. Millicom International Cellular shares last traded at $76.59, with a volume of 578,639 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TIGO. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $49.00 to $70.00 in a report on Thursday, January 15th. Wall Street Zen lowered shares of Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday, March 6th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. Finally, Morgan Stanley reiterated a “positive” rating and set a $55.00 price objective on shares of Millicom International Cellular in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Millicom International Cellular presently has an average rating of “Moderate Buy” and a consensus price target of $65.64.

Get Our Latest Research Report on Millicom International Cellular

Millicom International Cellular Trading Down 0.4%

The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.88. The company’s fifty day simple moving average is $78.00 and its 200-day simple moving average is $63.90. The company has a market capitalization of $13.80 billion, a P/E ratio of 11.10 and a beta of 0.93.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.02%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Research analysts predict that Millicom International Cellular SA will post 3.23 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

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

Institutional Trading of Millicom International Cellular

A number of institutional investors have recently modified their holdings of the company. Modern Wealth Management LLC bought a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $632,000. Sei Investments Co. boosted its holdings 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 in the last quarter. Militia Capital Management LLC bought a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $4,721,000. ABN Amro Investment Solutions bought a new stake in shares of Millicom International Cellular in the 1st quarter valued at about $8,924,000. Finally, PNC Financial Services Group Inc. boosted 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 buying an additional 139 shares in the last quarter.

About Millicom International Cellular

(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.