Fed governors may dissent against Powell amid Trump pressure - WSJ’s Timiraos
In a remarkable display of market confidence, Millicom International Cellular SA (NASDAQ:TIGO) stock has reached a 52-week high, with shares trading at $32.92. According to InvestingPro analysis, the company maintains a "GREAT" overall financial health score of 3.32 out of 5, with particularly strong price momentum. This peak reflects a significant surge in value, with the stock delivering an impressive 72.52% return over the past year. The company’s robust performance is further evidenced by its strong free cash flow yield and healthy EBITDA of $2.4 billion. Investors have shown increased interest in TIGO, as the company’s strategic moves and growth prospects resonate positively within the telecommunications sector. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional exclusive ProTips available for subscribers. The 52-week high milestone underscores the company’s robust performance over the past year, marking a period of substantial gains for shareholders. With a market capitalization of $5.5 billion and a strong gross profit margin of 75.5%, TIGO demonstrates solid fundamental strength in its operations.
In other recent news, Millicom International Cellular SA reported notable developments in its financial and strategic operations. JPMorgan analyst Marcelo Santos raised the company’s price target from $33.00 to $41.00, maintaining an Overweight rating. This revision was influenced by Millicom’s strategic reduction in capital expenditures and an improved weighted average cost of capital. The company is recognized for a high free cash flow yield, projected at 15.0% for 2025, and a total yield of 13.1% from dividends and buybacks.
Additionally, Millicom Spain is set to acquire a 67.5% stake in Colombia Telecomunicaciones from Telefonica (NYSE:TEF) for $400 million, pending regulatory approval. This acquisition aligns with Telefonica’s strategy to reduce its presence in Latin America. Meanwhile, Morgan Stanley (NYSE:MS) initiated coverage of Millicom with an Equalweight rating and a price target of $32.00. The firm noted Millicom’s strong revenue performance in Colombia and potential advantages from market consolidation by the end of 2025. These developments highlight Millicom’s strategic positioning in the Latin American telecommunications market.
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