
TIGO Stock Forecast & Price Target
TIGO Analyst Ratings
Bulls say
Millicom International Cellular's expansion in Latin America, particularly through its successful acquisitions of Telefonica's operations in Ecuador and Uruguay, positions the company for significant growth despite a projected 74% increase in net debt. The firm's wireless networks currently serve 42 million customers, while its fixed-line networks reach 14 million homes, indicating a robust customer base and market presence. Additionally, the move towards offering converged broadband and wireless packages aligns with industry trends, potentially enhancing customer retention and revenue generation in the competitive telecom landscape.
Bears say
Millicom International Cellular's low capex-to-sales ratio of 12.2% for 2024 indicates a potentially insufficient investment in infrastructure to support growth, especially in competitive markets. The entrance of Nubicom SRL into the Argentine market, deploying a new 5G network, threatens to exert downward pressure on average revenue per user (ARPU) and profit margins, exacerbating financial challenges. These factors, coupled with increased competition in the Latin American telecom sector, contribute to a negative outlook for the company's stock performance.
This aggregate rating is based on analysts' research of Millicom International Cellular S.A. and is not a guaranteed prediction by Public.com or investment advice.
TIGO Analyst Forecast & Price Prediction
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