The price of TIGO is predicted to go up 2.8%, based on the high correlation periods with CASY. The similarity of these two price pattern on the periods is 96.2%.
TIGO
CASY
Millicom holds strong wireless market share across nine Latin American countries with a combined population of 120 million people and owns high-quality cable networks that can provide broadband to 13 million homes and businesses in the region.
Broadband penetration remains low across the region and only about half the population owns a 4G smartphone, providing a long runway for growth.
Millicom should be able to improve its margins and cash flow as it focuses on efficiency, expands its converged customer base, and gains additional scale.
Scotiabank
2024-09-20
Price Target
$30 → $37
Upside
+33.98%