Last Updated: 14 Nov 2024
Executive Summary
Millicom International Cellular SA (TIGO) is a leading provider of mobile and cable services in Latin America and Africa. The company has a strong track record of growth and profitability, and is well-positioned to continue to benefit from the growing demand for mobile services in its markets. The latest stock price of $26.09 is below the analyst target price of $33.09, making it an attractive investment opportunity.
Company Overview
Millicom International Cellular SA is headquartered in Luxembourg and has operations in 14 countries in Latin America and Africa. The company offers a range of mobile and cable services, including voice, data, and video. Millicom has a strong focus on emerging markets, and has been successful in growing its market share in these regions.
Fundamental Analysis
Millicom International Cellular SA has a strong financial profile. The company has a market capitalization of $4.52 billion, and an EBITDA of $2.24 billion. The company's profit margin is 2.7%, and its operating margin is 20%. Millicom has a strong balance sheet, with a debt-to-equity ratio of 0.5.
Technical Analysis
The technical analysis of Millicom International Cellular SA shows that the stock is in a bullish trend. The stock is trading above its 50-day and 200-day moving averages, and is making higher highs and higher lows. The relative strength index (RSI) is above 50, indicating that the stock is overbought.
Short Term Outlook
The short-term outlook for Millicom International Cellular SA is positive. The stock is trading above its key moving averages, and the RSI is above 50. This indicates that the stock is likely to continue to rise in the short term.
Long Term Outlook
The long-term outlook for Millicom International Cellular SA is also positive. The company has a strong track record of growth and profitability, and is well-positioned to continue to benefit from the growing demand for mobile services in its markets. The company's target price of $33.09 is a reasonable target, and the stock is likely to reach this target in the long term.
Analyst Recommendations
The majority of analysts who cover Millicom International Cellular SA have a buy rating on the stock. The average target price for the stock is $33.09, which is 27% above the current price.
