
TIGO Stock Forecast & Price Target
TIGO Analyst Ratings
Bulls say
Millicom International Cellular is positioned for growth through strategic acquisitions, including its recent agreement to acquire Telefonica's operations in Ecuador and Uruguay, which is expected to enhance its scale and market presence. The company's wireless networks currently serve 42 million customers across its markets, indicating a solid customer base that can support revenue growth, particularly as Millicom increasingly offers converged packages of broadband and wireless services. Despite an anticipated 74% increase in net debt due to these acquisitions, the firm's ability to implement a robust turnaround strategy in sub-optimal operation regions, coupled with a strong wireless and fixed-line infrastructure, presents a fundamentally optimistic outlook for future performance.
Bears say
Millicom Intl Cellular's low capex-to-sales ratio of 12.2% in 2024 suggests potential shortcomings in investment for growth and infrastructure, which could hinder its competitive position in the telecom market. The introduction of Nubicom SRL as a new competitor deploying a 5G network in Argentina raises concerns about increased average revenue per user (ARPU) and margin pressures, potentially impacting profitability. Given these factors, the outlook appears cautious as the company may struggle to maintain revenue growth and market share in a highly competitive environment.
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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