Millicom International Cellular S.A [TIGO] stock is trading at $27.01, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TIGO shares have gain 13.30% over the last week, with a monthly amount glided 8.47%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Millicom International Cellular S.A [NASDAQ: TIGO] stock has seen the most recent analyst activity on September 20, 2024, when Scotiabank upgraded its rating to a Sector Outperform. On August 15, 2024, upgrade upgraded it’s rating to Buy. Scotiabank downgraded its rating to a Sector Perform. HSBC Securities downgraded its rating to a Hold. JP Morgan started tracking with a Overweight rating for this stock on May 28, 2024, and assigned it a price target of $30. In a note dated March 28, 2024, JP Morgan upgraded an Overweight rating on this stock.
Millicom International Cellular S.A [TIGO] stock has fluctuated between $15.55 and $28.75 over the past year. Currently, Wall Street analysts expect the stock to reach $35.15 within the next 12 months. Millicom International Cellular S.A [NASDAQ: TIGO] shares were valued at $27.01 at the most recent close of the market. An investor can expect a potential return of 30.14% based on the average TIGO price forecast.
Analyzing the TIGO fundamentals
Millicom International Cellular S.A [NASDAQ:TIGO] reported sales of 5.85B for the trailing twelve months, which represents a growth of 0.49%. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.91.
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 26.70 points at the first support level, and at 26.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.19, and for the 2nd resistance point, it is at 27.37.
Ratios To Look Out For
For context, Millicom International Cellular S.A’s Current Ratio is 0.93. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 29.56.
