Millicom (TIGO)
Communication Services · Telecommunications Services · NASDAQ
A leading telecommunications and digital services provider focused on the Latin American market under the TIGO brand.
What Millicom does
Millicom International Cellular is a provider of fixed and mobile telecommunications services, operating primarily in Latin America under the TIGO and Tigo Business brands. The company offers a suite of digital services including mobile financial services, pay TV, high-speed data, voice, and B2B solutions such as cloud and security. It serves millions of customers with a significant fiber-cable and mobile network footprint across the region.
Themes: Latin American telecommunications, Digital transformation, Mobile financial services / Fintech, B2B enterprise cloud, Fiber-to-the-home infrastructure
Fundamentals
- Price$87.95 as of 2026-10-08 close
- Market cap$15.9B date unknown (no dated share count)
- 1-year return+84.6% 2025-10-08 close $47.64 → 2026-10-08 close $87.95
- P/E22.09 as of 2026-10-08
- Net margin+23.4% FY2025, SEC XBRL
- Gross margin+77.5% FY2025, SEC XBRL
- ROE+37.6% FY2025, SEC XBRL
- Debt / equity4.85 as of 2026-09-02
- Revenue growth (YoY)+29.1% as of 2026-09-02
- Revenue CAGR (3y)+1.1% SEC XBRL
- Beta0.26 as of 2026-09-02
- Last reported earningsn/a no confirmed date — as a foreign private issuer it reports on Form 6-K, which carries no earnings item code
Dividend: yield +3.2%; pays a dividend.
How TIGO compares in its sector
- price-to-earnings ratiomiddle range 69 covered Communication Services peers, as of 2026-10-08
- net profit margintop 25% 127 covered Communication Services peers, as of 2026-09-02
- operating margintop 10% 123 covered Communication Services peers, as of 2026-09-02
- gross margintop 25% 25 covered Communication Services peers, as of 2026-09-02
- return on equitytop 10% 113 covered Communication Services peers, as of 2026-09-02
- 3-year revenue CAGRmiddle range 123 covered Communication Services peers
- indicated dividend yieldmiddle range 48 covered Communication Services peers, as of 2026-09-02
- free cash flow (absolute dollars, latest fiscal year)top 25% 115 covered Communication Services peers, as of FY2025
Position among covered Communication Services companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
TIGO is in the Top 10 — Communication Services.
Top 10 — Communication Services — since 1 Sep 2026
Top 10 score
64.7 #106 of 1,379 scored · #4 of 55 in Communication Services
Profitability 89th (return on equity 37.6%, operating margin 28.2%) and trend 73rd (a "golden cross" — its 50-day average is above its 200-day); weakest is financial health (40th, debt to equity 4.8, free cash flow margin 18.6%). Scored on 5 of 6 pillars — it pays a dividend, but its filings carry no per-share series to count increases from; no annual share count in its filings.
Top 10 — Communication Services
In this list since 1 Sep 2026 — currently 4th in the list (37 days)
- Entered 1 Sep 2026: first selection for this list at rank 3, score 61.5 (Communication Services has 62 eligible companies, clearing the 25-name open bar).
- Held its place at 1 rebalance on 1 Oct 2026.
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, TIGO's dividend was covered by reported results (earnings payout 77%, free-cash-flow payout 97%). This describes past coverage, not a forecast.
- Earnings payout77% dividends / net income
- Free-cash-flow payout97% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How Millicom looks technically
Millicom (TIGO) is trading 8.9% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 691 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 6 trading days ago. It is 17.9% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 8.9% above its 200-day average, the long-term trend line — a longer-term uptrend | +8.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $93.43 | $93.43 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $80.73 | $80.73 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 82.7. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 691 trading days ago — a "golden cross", a bullish long-term signal | 691 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 19, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend | 18.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 42, neither overbought (above 70) nor oversold (below 30) | 41.7 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($82.70 to $96.40) — its "stochastic" reading is 38 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 38.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 14 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $107.13 | $107.13 |
|---|---|---|
| From the 52-week high | it is 17.9% below its 52-week high (its highest price of the past year) | -17.9% |
| Above the 52-week low | it is 96.0% above its 52-week low (its lowest price of the past year) | +96.0% |
| Below the 52-week high | it is 17.9% below its highest point of the past year | 17.9% |
| Since a 20-day breakout | it made a new 20-day low about 6 trading days ago | 6 sessions |
| Since a 55-day breakout | it made a new 55-day low about 6 trading days ago | 6 sessions |
| All-time high | its highest closing price on record is $107.13 (set on 2026-08-06) | $107.13 |
| Given back of the 52-week move | over the past year its closes ranged ($45.81 to $104.31), and it has given back roughly a quarter of its rise from last year’s low — 28% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $66.28 to $68.16. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 28.0% |
| From the all-time high | it is 17.9% below its all-time high | -17.9% |
| Nearest price level | it is trading 3.7% above a support level at $84.66 — a price it turned at four times since 2026-04-10, most recently on 2026-06-22. Since 2024-10-08 it has 15 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -3.7% |
| All-time low | its lowest closing price on record is $10.22 (set on 2022-10-27) | $10.22 |
| Above the all-time low | it is 760.6% above its all-time low | +760.6% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 68th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $3.13 between its high and its low — about 3.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $3.13 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $85.74 and $98.40 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $85.74 – $92.07 – $98.40 |
| Typical daily range (% of price) | its price moves about 3.6% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.6% |
| Stretch from the 200-day average | it is trading 2.3 daily ranges above its 200-day average price (9.0% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.3 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.95× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a hammer | 5 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 5 sessions ago |
|---|---|---|
| Since a bullish engulfing | 4 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 4 sessions ago |
| Since a bearish engulfing | 6 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 6 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 1.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -1.5% |
|---|---|---|
| Gap filled | a 2.0% gap down opened on 2026-08-27 has been "filled" 24 sessions ago — price traded back through the level the gap left behind, and it took 5 sessions to close | 24 sessions ago |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 9.4 percentage points (the stock lost 8.4% while the market gained 1.0%) | -9.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 10.3 percentage points (the stock lost 6.5% while the market gained 3.8%) | -10.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 8.4 percentage points (the stock gained 9.1% while the market gained 17.5%) | -8.4% |
| vs market, 12 months | over the past 12 months this stock beat the market by 69.6 percentage points (the stock gained 84.6% while the market gained 15.0%) | +69.6% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 7.2% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.8% of the share price, which is taken to mean a barrier that gives way easily. | -7.2% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 8% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $81.74 — a volume-weighted average of daily closes over 192 sessions, not a true tick-by-tick VWAP. | +7.6% |
|---|
Double bottom, bullish — forming · entry $96.68 · 36 sessions in
Head and shoulders, bearish — forming · entry $68.79 · 55 sessions in
Price levels it has turned at before
TIGO last closed at $87.95 on 2026-10-08. Since 2024-10-08 it has turned at 15 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $84.66 | Support | 3.7% below the last close | turned there four times · 2026-04-10 to 2026-06-22 |
| $92.16 | Resistance | 4.8% above the last close | turned there twice · 2026-07-15 to 2026-09-10 |
| $82.35 | Support | 6.4% below the last close | turned there twice · 2026-06-05 to 2026-10-01 |
| $97.02 | Resistance | 10.3% above the last close | turned there twice · 2026-08-26 to 2026-09-11 |
| $75.64 | Support | 14.0% below the last close | turned there twice · 2026-03-02 to 2026-04-15 |
| $100.42 | Resistance | 14.2% above the last close | turned there twice · 2026-07-14 to 2026-07-22 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $82.70.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 1 trading day, since 2026-10-08.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · trendless / choppy (low ADX) · lagging the market · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.88 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
- Mean price target$98.39 range $60.10 – $132.00; median $97.50
Analyst estimates, as of 2026-10-06. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for TIGO
- Consensus EPS estimate$0.83 next reporting period, as of 2026-10-06
- Estimate change, 30 days$0.00 (0.0%) from $0.83, on 2026-09-01, 35-day window
- Readings revised upward0% of 6 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Foreign currency exchange rate fluctuations against the US dollar","Significant debt and lease obligations from acquisitions","Regulatory and geopolitical risks in Latin American markets"]
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 7 sells ($8M) — 6 selling insiders
Most recent open-market transaction: 2026-06-11. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TIGO's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
TIGO had 3,037,471 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for TIGO because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 3,037,471
- Prior settlement (shares) 3,284,383
- Reported change -7.52%
- Days to cover (reported) 3.99
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- America Movil (AMX)
- Telefonica (TEF)
- Liberty Latin America (LILA)
- Claro
- Entel
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Millicom (TIGO) do?
Millicom International Cellular is a provider of fixed and mobile telecommunications services, operating primarily in Latin America under the TIGO and Tigo Business brands. The company offers a suite of digital services including mobile financial services, pay TV, high-speed data, voice, and B2B solutions such as cloud and security. It serves millions of customers with a significant fiber-cable and mobile network footprint across the region.
What sector is Millicom (TIGO) in?
Millicom (TIGO) is classified in the Communication Services sector. Its industry is Telecommunications Services. It trades on NASDAQ.
Does TIGO pay a dividend?
Yes — Millicom (TIGO) pays a dividend, with an indicated yield of about 3.18% (market data, as of 2026-09-02). Informational only — not financial advice.
Who are Millicom's (TIGO) competitors?
Notable peers of Millicom (TIGO) include America Movil, Telefonica, Liberty Latin America, Claro and Entel. This peer set is informational only — not financial advice.
Is Millicom (TIGO) overbought or oversold right now?
Millicom (TIGO) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 42, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TIGO come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.