How did Millicom International Cellular S.A. (TIGO) surprise investors with its report?

Millicom International Cellular S.A. [TIGO] stock is trading at $13.57, up 1.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The TIGO shares have gain 3.27% over the last week, with a monthly amount glided 21.59%, and seem to be holding up well over a long-time horizon.

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On 21, November 2022, Millicom (Tigo) Fintech business Tigo Money and Visa Collaborate to Boost Financial Inclusion Across Latin America. In a post published today on Yahoo Finance, Tigo Money, Millicom’s Fintech business, and Visa Collaborate to Boost Financial Inclusion Across Latin America.

From an analyst’s perspective:

Millicom International Cellular S.A. [NASDAQ: TIGO] stock has seen the most recent analyst activity on November 14, 2022, when HSBC Securities upgraded its rating to a Hold. Previously, UBS started tracking the stock with Neutral rating on August 29, 2022, and set its price target to $16.50. JP Morgan upgraded its rating to a Overweight. Scotiabank upgraded its rating to a Sector Outperform but $32.90 remained the price target by the analyst firm on March 08, 2022. New Street upgraded its rating to Buy for this stock on November 16, 2021, but kept the price target unchanged to $48. In a note dated May 11, 2021, Scotiabank downgraded an Sector Perform rating on this stock.

Millicom International Cellular S.A. [TIGO] stock has fluctuated between $10.22 and $27.51 over the past year. Millicom International Cellular S.A. [NASDAQ: TIGO] shares were valued at $13.57 at the most recent close of the market.

Analyzing the TIGO fundamentals

The company generates $1,915,958 in revenue per employee, while its income per employee is $244,838. Gross Margin for this corporation currently stands at +35.02% with Operating Margin at +9.59%, Pretax Margin comes in at +12.15%, and Net Margin reading is +12.78%. To continue investigating profitability, this company’s Return on Assets is posted at 4.24, Equity is 25.14, Total Capital is 4.24, and Invested Capital is 6.50. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 77.53 and enduring liabilities to the whole assets at 58.86.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.41 points at the first support level, and at 13.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.69, and for the 2nd resistance point, it is at 13.81.

Millicom International Cellular S.A. [TIGO] reported earnings per share of -$0.18 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of -$0.54 and a surprise factor of -150.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.14 per share as compared to estimates of $0.2 per share, a difference of $0.94 representing a surprise of 470.00%.

Ratios To Look Out For

On the other hand, the Quick Ratio is 0.49, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 1.12 and the P/E (TTM) ratio is 1.98.