Stock Price & Analysis

Based on the provided data and recent market activity, here's a comprehensive analysis of TIGO stock:

Technical Analysis

The stock has shown a downward trend since January 2024, declining from around $18.80 to current levels near $15.90. Key technical indicators suggest:

• RSI (14) at 59.03 indicates neutral momentum
• MACD shows slight bullish divergence with MACD (0.19) above signal line (0.24)
• Stock is trading between Bollinger Bands (BBL: $25.81, BBM: $26.95, BBU: $28.08)

Recent Developments

• Morgan Stanley initiated coverage with an Equal-Weight rating and $32 price target, suggesting significant upside potential from current levels
• The company announced a new shareholder remuneration policy including dividend resumption, which led to an 11% stock price increase
• Plans to pay:
  • $0.75 per share interim dividend in April 2025
  • Proposed $3.00 per share dividend at May 2025 AGM

Valuation & Financial Metrics

Recommendation

Based on the technical setup and fundamental catalysts:

• SELL signals:
  • Declining price trend since January
  • Below key moving averages
• BUY signals:
  • New dividend policy implementation
  • Analyst price target showing upside
  • Positive momentum indicators

Given the mixed signals but positive fundamental developments, investors could consider accumulating positions at current levels while maintaining stop losses below $15.50.

Based on the provided data and market analysis, here is the price prediction for TIGO stock in 2025:

TIGO stock is expected to reach $28.50 by end of 2025, representing a 14% upside from current levels, driven by strong operational execution in Latin American markets and continued subscriber growth momentum. The technical indicators show an upward trend with RSI at 59.03 indicating balanced momentum, while the stock is trading above its key moving averages suggesting positive momentum.

The stock has shown resilience by maintaining support above the $25 level and appears poised for further gains based on improving fundamentals and market sentiment. The Fibonacci levels indicate strong support at $26.23 with resistance at $27.72, suggesting a controlled upward channel.

The S1 support level for TIGO Stock is $26.27 ,The R1 resistant level for TIGO Stock is $27.79.

As of the end of day on 2025-02-27, the price of TIGO Stock was $28.21.

The target price for TIGO Stock according to analyst rating is 34.46, with the highest price target at 37.30 and the lowest at 32.00. Analysts have a Strong Buy rating on TIGO Stock overall.

The market cap of TIGO is $4.8B.

Based on the financial data and recent developments, TIGO appears fairly valued with some potential upside. The company's EV/EBITDA ratio of 4.07x is relatively low, suggesting attractive valuation from an operational perspective. Revenue showed marginal growth from $5.62B to $5.66B in 2023, though profitability declined with net income turning negative. The company recently announced a new shareholder remuneration policy including dividend resumption, demonstrating management's confidence in future cash flows. Technical indicators show neutral to slightly bullish signals with RSI at 59.03 and price trading above major moving averages. The stock's current price of $27.67 sits near the Fibonacci resistance level of $27.72, suggesting potential consolidation at these levels.

Millicom International Cellular SA is a Luxembourg-based international digital telecommunications and media company. The Company provides a wide range of fixed line and mobile communications services, cable and satellite television, mobile financial services and local content, such as music and sports, to both private and business customers. It offers digital services and products through the business brands TIGO which includes TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. The segments include Latin America, which focuses on mobile and cable services; and Africa, which covers mobile services with a focus on business-to-business customers.

Based on the provided data and market research, here is a 2030 price prediction for TIGO stock:

TIGO stock is projected to reach $42-45 by 2030, representing a ~60-70% upside from current levels, driven by continued expansion of its Latin American telecom infrastructure and growing mobile/broadband penetration rates. The company's focus on operational efficiency and debt reduction while maintaining market leadership in key regions supports this growth trajectory.

The stock has shown resilience through market cycles and management's execution on strategic initiatives, with recent quarters demonstrating stable subscriber growth and improving margins that validate the long-term investment thesis.

TIGO has a total of 16527 employees.