11,625 Millicom International Cellular SA $TIGO Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 10.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 120,081 shares of the technology company’s stock after buying an additional 11,625 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.07% of Millicom International Cellular worth $10,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cullen Capital Management LLC bought a new stake in shares of Millicom International Cellular during the second quarter worth approximately $71,258,000. Renaissance Technologies LLC increased its stake in shares of Millicom International Cellular by 18.9% during the first quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company’s stock worth $41,201,000 after purchasing an additional 87,400 shares during the period. Sei Investments Co. increased its stake in shares of Millicom International Cellular by 31.7% during the first quarter. Sei Investments Co. now owns 546,999 shares of the technology company’s stock worth $40,990,000 after purchasing an additional 131,580 shares during the period. Amundi lifted its holdings in Millicom International Cellular by 120.8% during the 1st quarter. Amundi now owns 529,936 shares of the technology company’s stock worth $39,713,000 after purchasing an additional 289,913 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Millicom International Cellular during the 2nd quarter worth approximately $45,791,000.

More Millicom International Cellular News

Here are the key news stories impacting Millicom International Cellular this week:

• Positive Sentiment: Revenue increased 60.8% year over year to $2.28 billion, slightly exceeding expectations, while adjusted EBITDA rose 57.7% to $1.09 billion. Equity free cash flow increased 27.1% to $316 million. Millicom Q3 2026 Earnings Release
• Positive Sentiment: Leverage declined to 2.53x, including the recent acquisitions in Colombia, Ecuador and Uruguay. The company also said it would increase the January and April 2027 dividend payments by an additional $0.75 per share, supporting investor returns. Millicom Q3 2026 Earnings Release
• Negative Sentiment: Quarterly EPS was $0.58, missing the $0.98 consensus estimate, and net profit attributable to owners was $98 million. The earnings shortfall may temper optimism despite the revenue growth; one report attributed the miss in part to one-time charges. Millicom Q3 2026 Earnings Analysis
• Negative Sentiment: Zacks Research downgraded TIGO from “strong buy” to “hold,” signaling a more cautious view from that research provider. Zacks Research Coverage

Millicom International Cellular Price Performance

NASDAQ:TIGO traded up $4.12 during trading hours on Friday, reaching $83.24. 1,272,018 shares of the company were exchanged, compared to its average volume of 909,918. The business has a 50 day moving average of $87.37 and a 200 day moving average of $83.30. Millicom International Cellular SA has a 1-year low of $46.85 and a 1-year high of $107.13. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.53 and a quick ratio of 0.51. The company has a market capitalization of $14.07 billion, a P/E ratio of 24.63 and a beta of 1.00.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Thursday, November 5th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.40). The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.23 billion. Millicom International Cellular had a net margin of 9.19% and a return on equity of 18.39%. Millicom International Cellular’s revenue was up 60.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 earnings per share. Research analysts forecast that Millicom International Cellular SA will post 2.41 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on TIGO. JPMorgan Chase & Co. lowered Millicom International Cellular from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $100.00 to $105.00 in a report on Tuesday, August 18th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th. UBS Group upped their price target on shares of Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada set a $105.00 price target on shares of Millicom International Cellular in a research report on Tuesday, August 18th. Finally, Scotiabank lifted their price objective on shares of Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.68.

About Millicom International Cellular

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.