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Millicom International Cellular SA (NASDAQ:TIGO) stock reached a significant milestone, hitting a 52-week high at 38.92 USD. This marks a notable achievement for the telecommunications company, which boasts a market capitalization of $6.48 billion and an impressive dividend yield of 7.92%. According to InvestingPro analysis, the company’s robust performance over the past year is supported by strong financial health metrics, with an overall score rated as "GREAT." The stock’s impressive 1-year total return of 66.9% underscores the company’s strong market position and investor confidence. With EBITDA of $2.44 billion and analyst targets ranging from $36 to $50, this upward trajectory highlights the company’s ongoing efforts to expand its operations and improve financial metrics, positioning it favorably in the competitive telecommunications industry. As Millicom continues to leverage its strategic initiatives, the stock’s performance remains a focal point for investors. Discover 10 more key insights about TIGO with an InvestingPro subscription, including exclusive Fair Value analysis and the comprehensive Pro Research Report.
In other recent news, Millicom International Cellular S.A. has reported its first-quarter 2025 revenue, which fell short of analyst expectations at $1.37 billion, compared to a projected $1.44 billion. Despite the revenue miss, the company saw a 0.6% increase in adjusted EBITDA, reaching $636 million, and reported strong customer growth with 262,000 new postpaid mobile subscribers and 62,000 new home broadband customers. Net income rose to $193 million, aided by approximately $95 million in one-time gains. In a strategic move, Millicom announced the acquisition of Telefónica Móviles del Uruguay S.A. for $440 million, aiming to enhance its market presence in South America. This acquisition is expected to be accretive to earnings before financing costs and cash taxes starting in 2026. Additionally, Millicom’s shareholders have approved board elections and a dividend distribution of USD 3 per share, to be paid in four installments starting in July 2025. The company also received shareholder approval for a Share Repurchase Plan and amendments to its articles of association. These developments come as Millicom reaffirms its 2025 targets, including an equity free cash flow of around $750 million.
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