Lumida
/TIGO
⌘K
Millicom International Cellular SA

Millicom International Cellular SA

TIGO
$98.34USD↑+2.89%+2.76 today

MARKET CAP

16.5B

P/E (TTM)

31.0x

FWD P/E

22.8x

DAY RANGE

$96 – $99

52W RANGE

$39
$100

AI Summary

Stalk
StalkMedium

We remain in Stage 2 advancing with persistent higher highs and higher lows confirming sustained demand. The long-term uptrend is intact, supported by rising EMAs and strong relative strength. Price is currently extended above EMAs in extreme overbought territory, reducing immediate execution favorability. Best to stalk for a pullback into the 9 and 21 EMA confluence around 95–96 to align with the medium-term bullish bias before committing.

  • ↑Service revenue grew 45% YoY to $1.9 B in Q1 2026, driven by Coltel integration.
  • ↑Adjusted EBITDA margin hit 43.2% on acquisition synergies.
  • ↓Shares trade 181% above fair value estimate of $33.65, suggesting overvaluation.
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Millicom International Cellular S.A. (NASDAQ: TIGO) operates as a leading telecommunications provider across Latin America, delivering mobile services, broadband, and digital solutions for customers in 11 countries. The company is notably expanding its operations through strategic acquisitions, particularly enhancing its position within high-growth markets like Colombia and Chile. Millicom is well-positioned to capitalize on digital transformation trends in telecommunications, focusing on customer convergence and service quality enhancements which are critical in a rapidly evolving market landscape.

Bull says

  • ↑Service revenue grew 45% YoY to $1.9 B in Q1 2026, driven by Coltel integration.
  • ↑Adjusted EBITDA margin hit 43.2% on acquisition synergies.
  • ↑Equity-free cash flow reached $225 M (+66% YoY); management guides $900 M+ for FY 2026.
  • ↑Postpaid conversions up 20%, boosting ARPU and keeping churn below 3%.
  • ↑36% of customers now use convergent mobile and home services, enhancing retention.
  • ↑High earnings yield, robust dividend yield, strong momentum and positive revisions factor signals.

Bear says

  • ↓Shares trade 181% above fair value estimate of $33.65, suggesting overvaluation.
  • ↓Insiders sold $8.3 M stock; lack of insider buys raises concerns.
  • ↓Negative profitability metrics and rising network spending risk margin contraction.
  • ↓Integration costs of ~$100 M may pressure cash flow and efficiency.
  • ↓High short interest indicates bearish investor sentiment.
  • ↓Intense competition from Claro and WOM may slow revenue growth in key markets.

Investment themes with TIGO

Telecommunications↑ +0.98%

CSCO · VZ · T
High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-13-2026bullish

Transcript signals

Bull points

  • We are off to a solid start in 2026, both operationally and from a financial perspective.
  • These significant increases reflect the relevance of the Colombia acquisition and the opportunity that lies ahead.
  • The quarter ranks among one of the strongest growth performances in recent history.

Bear points

  • service revenue was flat year on year at 172 million for the quarter. Growth was slower than expected, but we remain optimistic that the top line momentum will improve.
Read full transcript analysis ›