Gamco Investors INC. ET AL Trims Stake in Millicom International Cellular SA $TIGO

Posted by Geri Gentry on May 18th, 2026

Gamco Investors INC. ET AL lowered its position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 651,150 shares of the technology company’s stock after selling 65,033 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Millicom International Cellular were worth $36,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EWA LLC raised its stake in shares of Millicom International Cellular by 2.5% in the fourth quarter. EWA LLC now owns 7,025 shares of the technology company’s stock valued at $389,000 after acquiring an additional 169 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares during the period. GAMMA Investing LLC raised its stake in shares of Millicom International Cellular by 140.8% in the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after acquiring an additional 335 shares during the period. KBC Group NV raised its stake in shares of Millicom International Cellular by 0.9% in the fourth quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock valued at $2,472,000 after acquiring an additional 378 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in shares of Millicom International Cellular by 8.5% in the fourth quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after acquiring an additional 398 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TIGO. Scotiabank increased their target price on shares of Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research note on Monday, March 30th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Friday, March 6th. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Millicom International Cellular presently has an average rating of “Moderate Buy” and an average price target of $65.64.

Get Our Latest Stock Report on Millicom International Cellular

Millicom International Cellular Stock Performance

TIGO stock opened at $79.27 on Monday. The company has a market capitalization of $13.40 billion, a PE ratio of 10.77 and a beta of 0.93. Millicom International Cellular SA has a 12 month low of $35.49 and a 12 month high of $85.26. The firm’s 50-day moving average is $78.33 and its 200 day moving average is $64.35. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last posted 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 company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. On average, research analysts anticipate that Millicom International Cellular SA will post 3.76 EPS for the current year.

Millicom International Cellular Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 40.76%.

Millicom International Cellular 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.