TIGO Stock Summary and Trading Ideas (Millicom Intl Cellular | NASDAQ:TIGO)

Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 120 million people, serving 42 million customers. Its fixed-line networks reach 14 million homes, serving about 4 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm has agreed to sell the majority of its wireless towers to SBA Communications for $975 million.

Millicom Intl Cellular trades on the NASDAQ stock market under the symbol TIGO.

As of March 4, 2025, TIGO stock price climbed to $26.06 with 684,685 million shares trading.

TIGO has a beta of 0.50, meaning it tends to be less sensitive to market movements. TIGO has a correlation of 0.05 to the broad based SPY ETF.

TIGO has a market cap of $4.41 billion. This is considered a Mid Cap stock.

Last quarter Millicom Intl Cellular reported $1 billion in Revenue and $.18 earnings per share. This fell short of revenue expectation by $-42 million and missed earnings estimates by -$.52.

In the last 3 years, TIGO traded as high as $28.98 and as low as $10.22.

The top ETF exchange traded funds that TIGO belongs to (by Net Assets): FNDF, ONEQ, FFND, SPEU, TLTD.

TIGO has outperformed the market in the last year with a price return of +47.6% while the SPY ETF gained +13.9%. TIGO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and -3.4%, respectively, while the SPY returned -4.2% and -5.4%, respectively.

TIGO support price is $25.58 and resistance is $26.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TIGO shares will trade within this expected range on the day.