Alert: Negative Investment/Fundamental Signals (11/21/23)-Millicom International Cellular (NASDAQ: TIGO)


Meaningful negative changes in Millicom International Cellular (NASDAQ: TIGO) fundamentals have recently occurred: significant quarterly sales deceleration occurred, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

Millicom International Cellular (NASDAQ: TIGO). Important negative changes in investment behavior have recently occurred: the stock fell on very heavy volume.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

TIGO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

Millicom International Cellular has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Millicom International Cellular has a very high Appreciation Score of 87 but a slightly negative Power Rating of 33, resulting in the High Neutral Value Trend Rating.

Recent Price Action

On 11/21/23, Millicom International Cellular (NASDAQ: TIGO) stock suffered a large decline of -4.1%, closing at $16.30. Relative to the market the stock has been weak over the last nine months but has risen 0.8% during the last week.

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