Millicom International Cellular SA ( (TIGO) ) just unveiled an announcement.
On April 8, 2025, Millicom released its 2024 Annual Report, highlighting a transformative year for the company in the Latin American telecommunications sector. The report emphasizes Millicom’s strategic focus on operational efficiency and digital inclusion, which has positioned the company to capitalize on increasing demand for connectivity and digital services. The leadership of Millicom expressed confidence in the company’s ability to meet evolving customer needs while maintaining consistent financial performance and expanding digital access across the region.
Spark’s Take on TIGO Stock
According to Spark, TipRanks’ AI Analyst, TIGO is a Outperform.
Millicom International Cellular SA demonstrates strong financial performance with robust revenue growth and operational efficiencies. The earnings call provided positive future guidance, and technical indicators suggest a positive trend. While leverage remains a concern, the company’s strategic initiatives and fair valuation further bolster its attractiveness to investors.
To see Spark’s full report on TIGO stock, click here.
More about Millicom International Cellular SA
Millicom International Cellular S.A., operating under the TIGO and Tigo Business brands, is a prominent provider of fixed and mobile telecommunications services in Latin America. The company offers a diverse range of digital services and products, including mobile financial services, local entertainment, pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of the end of 2024, Millicom served over 46 million customers and had a fiber-cable footprint reaching approximately 14 million homes.
YTD Price Performance: 12.24%
Average Trading Volume: 794,040
Technical Sentiment Signal: Sell
Current Market Cap: $4.81B
Learn more about TIGO stock on TipRanks’ Stock Analysis page.