SharpLink begins share repurchase program with 939,000 shares bought
Millicom International Cellular SA stock reached a significant milestone, hitting a 52-week high at 48.95 USD. The telecommunications company, with a market capitalization of $8.16 billion, currently trades at an attractive P/E ratio of 8.68x while offering a substantial 6.21% dividend yield. According to InvestingPro analysis, the stock appears overbought at current levels. This achievement underscores a robust performance, with the stock experiencing a remarkable 1-year change of 86.94%. The Luxembourg-based telecommunications company, generating $5.6 billion in revenue, has shown resilience and growth in a competitive market, contributing to investor confidence and driving the stock to its current peak. The 52-week high reflects both the company’s strategic initiatives and broader market trends that have favored its growth trajectory over the past year. InvestingPro subscribers have access to 10 additional key insights and a comprehensive Pro Research Report for deeper analysis of TIGO’s potential.
In other recent news, Millicom International Cellular SA reported an impressive second quarter for 2025, with earnings per share (EPS) significantly surpassing expectations. The company posted an EPS of $4.03, far exceeding the projected $0.54, marking a surprise increase of 646.3%. However, Millicom’s revenue slightly missed forecasts, coming in at $1.37 billion compared to the anticipated $1.4 billion. Despite this minor shortfall in revenue, the market reacted positively to the strong earnings performance. Analysts from various firms have noted the substantial EPS outperformance, but no specific upgrades or downgrades have been reported. These developments reflect recent trends and investor interest in Millicom’s financial results. The company’s ability to exceed earnings expectations has captured attention, despite the revenue miss.
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