Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a remarkable display of market confidence, Millicom International Cellular SA (NASDAQ:TIGO) stock has achieved a 52-week high, with shares peaking at $36.94. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, though the RSI indicates overbought conditions. This milestone underscores a period of robust growth for the telecommunications company, which has seen an impressive 63.84% surge in its stock value over the past year, supported by a strong 19% free cash flow yield. Investors have rallied behind TIGO, buoyed by the company’s strategic expansions and strong performance in emerging markets, propelling the stock to new heights and signaling a positive outlook for the future. InvestingPro subscribers can access 12 additional key insights and a comprehensive Pro Research Report for deeper analysis of TIGO’s market position.
In other recent news, Millicom International Cellular S.A. reported its first quarter 2025 earnings, revealing revenue that did not meet analyst expectations. The company announced revenue of $1.37 billion, which fell short of the consensus estimate of $1.44 billion and marked a 7.6% year-over-year decline. Despite the revenue shortfall, Millicom experienced a 0.6% rise in adjusted EBITDA to $636 million, reflecting a 6.9% organic increase. The company also reported strong customer growth, adding 262,000 new postpaid mobile subscribers and 62,000 new home broadband customers. Net income for the quarter surged to $193 million, bolstered by approximately $95 million in one-time gains. CEO Marcelo Benitez noted sustained strong commercial activity levels, continuing from the second half of 2024. Millicom reaffirmed its 2025 targets, including an equity free cash flow goal of around $750 million and a year-end leverage target below 2.5x. These targets anticipate cost savings from efficiency measures initiated in 2024, despite potential challenges from weaker projected foreign exchange rates.
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