Millicom International Cellular (TIGO) has seen an impressive 148% increase in its stock price over the past 52 weeks. This growth has been supported by a strong technical opinion from Barchart, which maintains a 100% “Buy” rating for TIGO. Additionally, the company’s fundamentals are robust, with strong revenue and earnings growth estimates. Analyst sentiment towards TIGO is overwhelmingly positive, with multiple “Strong Buy” ratings.
Valued at $11.52 billion, Millicom International Cellular is a leading international operator of cellular telephone services, primarily in emerging markets. The company has strategically positioned itself in markets with limited cellular service by securing licenses through joint ventures with local business partners.
TIGO’s recent performance has been impressive, with the stock reaching a 5-year high of $68.93 on Feb. 9. The company has a Weighted Alpha of +146.78 and has maintained a Trend Seeker “Buy” signal. The stock has gained 148% over the past 52 weeks and recently traded at $66.54, with a 50-day moving average of $56.18. TIGO has made 15 new highs and is up 33.77% over the past month, with a Relative Strength Index (RSI) of 69.32.
In terms of financials, TIGO has a market capitalization of $11.52 billion, a trailing price-earnings ratio of 30.57x, and a dividend yield of 4.47%. Revenue is expected to grow by 17.94% next year, while earnings are projected to increase by 53.94% this year and an additional 27.74% next year.
The Wall Street analysts followed by Barchart have given TIGO 4 “Strong Buy” and 3 “Hold” opinions, with price targets ranging from $34 to $70. Value Line rates the stock “Highest” with price targets between $30 and $74. CFRA’s MarketScope also rates the stock a “Strong Buy.” However, Morningstar believes the stock is 31% overvalued.
Overall, analysts, individual investors, and financial advisory sites highly rate TIGO as a compelling investment opportunity, despite some concerns about its valuation. Seeking Alpha summarizes it well, stating that TIGO’s impressive growth, profitability, momentum, and positive earnings revisions make it a compelling investment opportunity. It is important to note that the Barchart Chart of the Day highlights stocks experiencing exceptional price appreciation and should not be taken as buy recommendations. Investors should exercise caution and follow a diversified investment strategy.
