Cullen Capital Management LLC Acquires New Stake in Millicom International Cellular SA $TIGO

Posted by George Bondi on Aug 25th, 2026

Cullen Capital Management LLC acquired a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 785,131 shares of the technology company’s stock, valued at approximately $71,258,000. Cullen Capital Management LLC owned approximately 0.46% of Millicom International Cellular at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TIGO. Allworth Financial LP raised its position in shares of Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after buying an additional 418 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Millicom International Cellular during the fourth quarter worth approximately $26,000. Versant Capital Management Inc boosted its position in Millicom International Cellular by 896.7% during the second quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Millicom International Cellular by 55.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after acquiring an additional 502 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Millicom International Cellular in the 4th quarter worth approximately $61,000.

Analyst Upgrades and Downgrades

TIGO has been the topic of a number of recent analyst reports. UBS Group increased their price target on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings lowered Millicom International Cellular from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Scotiabank lifted their price target on Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Millicom International Cellular has an average rating of “Hold” and a consensus target price of $85.68.

Check Out Our Latest Stock Analysis on TIGO

Insiders Place Their Bets

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Millicom International Cellular Stock Down 0.8%

Shares of TIGO opened at $92.97 on Tuesday. Millicom International Cellular SA has a fifty-two week low of $44.88 and a fifty-two week high of $107.13. The company’s fifty day moving average is $93.28 and its two-hundred day moving average is $83.14. The firm has a market cap of $15.71 billion, a PE ratio of 23.48 and a beta of 0.91. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07.

About Millicom International Cellular

(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.