Millicom International Cellular (NASDAQ:TIGO) Announces Earnings Results

Millicom International Cellular (NASDAQ:TIGO) posted its quarterly earnings data on Tuesday. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08, Zacks reports. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Millicom International Cellular had a return on equity of 16.02% and a net margin of 19.16%.

Here are the key takeaways from Millicom International Cellular’s conference call:

• Millicom reported a strong Q1 2026 start, with organic service revenue up 4.9% year over year and adjusted EBITDA of $857 million at a 43.2% margin, showing solid operating leverage despite acquisition-related charges.
• Equity free cash flow reached a first-quarter record of $225 million, and management said Coltel should likely be a net contributor for full-year 2026, helping offset integration and financing costs.
• The company highlighted strong customer momentum, including 5.6 million postpaid net additions and 1.5 million home net adds reported on an acquired basis, with underlying organic growth also positive in mobile, home, and B2B. Management emphasized continued pre-to-post migration as a key growth driver.
• Colombia is becoming a major focus after the Coltel acquisition, with management outlining a three-part integration plan: cost reset, network improvement (including a 4x increase in 5G coverage), and commercial uplift. They identified more than $100 million of expected year-one savings.
• Management kept full-year 2026 guidance unchanged, targeting at least $900 million of equity free cash flow and around 2.5x leverage by year-end, but said it is still too early to update outlook until more integration work is completed in Q2.

Millicom International Cellular Stock Down 0.4%

NASDAQ TIGO traded down $0.32 during trading hours on Thursday, hitting $81.66. 934,873 shares of the company were exchanged, compared to its average volume of 1,351,647. The company has a 50 day moving average of $78.00 and a two-hundred day moving average of $63.90. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.81. Millicom International Cellular has a 52-week low of $34.91 and a 52-week high of $85.26. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 11.10 and a beta of 0.93.

Millicom International Cellular Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $3.00 annualized dividend and a yield of 3.7%. Millicom International Cellular’s dividend payout ratio is presently 40.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TIGO. Morgan Stanley reiterated a “positive” rating and set a $55.00 price target on shares of Millicom International Cellular in a research report on Thursday, February 26th. Wall Street Zen cut Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their target price for the company from $49.00 to $70.00 in a report on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TIGO. Altshuler Shaham Ltd purchased a new position in shares of Millicom International Cellular in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 valued at $53,000 after acquiring an additional 502 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Millicom International Cellular in the 4th quarter valued at about $61,000. CIBC Private Wealth Group LLC increased its holdings in shares of Millicom International Cellular by 262.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,381 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Millicom International Cellular in the 4th quarter valued at about $87,000.

Millicom International Cellular Company Profile

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.