Fintel reports that on January 29, 2025, Morgan Stanley initiated coverage of Millicom International Cellular (NasdaqGS:TIGO) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 20.05% Upside
As of January 28, 2025, the average one-year price target for Millicom International Cellular is $33.14/share. The forecasts range from a low of $27.41 to a high of $39.16. The average price target represents an increase of 20.05% from its latest reported closing price of $27.60 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Millicom International Cellular is 6,163MM, an increase of 5.33%. The projected annual non-GAAP EPS is 3.61.
What is the Fund Sentiment?
There are 107 funds or institutions reporting positions in Millicom International Cellular. This is an increase of 4 owner(s) or 3.88% in the last quarter. Average portfolio weight of all funds dedicated to TIGO is 0.22%, an increase of 6.38%. Total shares owned by institutions increased in the last three months by 3.23% to 9,658K shares. 
The put/call ratio of TIGO is 0.54, indicating a bullish outlook.
What are Other Shareholders Doing?
Brandes Investment Partners holds 4,506K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 4,509K shares , representing a decrease of 0.07%. The firm decreased its portfolio allocation in TIGO by 24.03% over the last quarter.
Gamco Investors, Inc. Et Al holds 858K shares representing 0.51% ownership of the company. In its prior filing, the firm reported owning 930K shares , representing a decrease of 8.40%. The firm decreased its portfolio allocation in TIGO by 4.05% over the last quarter.
BISMX - Brandes International Small Cap Equity Fund Class I holds 666K shares representing 0.39% ownership of the company. In its prior filing, the firm reported owning 613K shares , representing an increase of 7.93%. The firm increased its portfolio allocation in TIGO by 15.56% over the last quarter.
BISAX - BRANDES INTERNATIONAL SMALL CAP EQUITY FUND holds 643K shares representing 0.38% ownership of the company.
LB Partners holds 519K shares representing 0.31% ownership of the company. In its prior filing, the firm reported owning 512K shares , representing an increase of 1.35%. The firm decreased its portfolio allocation in TIGO by 19.32% over the last quarter.
Millicom International Cellular Background Information
(This description is provided by the company.)
Millicom International Cellular SA is a Luxembourgish fixed line and mobile telecommunications services provider dedicated to emerging markets in Latin America operating under the Tigo brand.
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