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TIGO
Stock ticker: NASDAQ
AS OF
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Capitalization
2.65B

TIGO Millicom International Cellular SA Forecast, Technical & Fundamental Analysis

a mobile, fixed telephony, cable, and broadband services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TIGO with price predictions
08:00 PM EDT Sep 28, 2023

Momentum Indicator for TIGO turns negative, indicating new downward trend

TIGO saw its Momentum Indicator move below the 0 level on September 25, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned negative. In of the 95 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for TIGO turned negative on September 27, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

TIGO moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TIGO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TIGO advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 144 cases where TIGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TIGO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.740) is normal, around the industry mean (6.037). P/E Ratio (59.524) is within average values for comparable stocks, (136.095). Projected Growth (PEG Ratio) (0.460) is also within normal values, averaging (9.900). Dividend Yield (0.000) settles around the average of (0.117) among similar stocks. P/S Ratio (0.487) is also within normal values, averaging (68.395).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TIGO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 14.29B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -5%. KNIT experienced the highest price growth at 46%, while TLTZF experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 5%. For the same stocks of the Industry, the average monthly volume growth was -4% and the average quarterly volume growth was -4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 59
Price Growth Rating: 61
SMR Rating: 67
Profit Risk Rating: 78
Seasonality Score: -17 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

TIGO is expected to report earnings to fall 296.31% to 25 cents per share on October 26

Millicom International Cellular SA TIGO Stock Earnings Reports
Q3'23
Est.
$0.26
Q2'23
Missed
by $0.32
Q1'23
Missed
by $0.31
Q4'22
Missed
by $0.16
Q3'22
Missed
by $0.71
The last earnings report on July 27 showed earnings per share of -12 cents, missing the estimate of 18 cents. With 61.83K shares outstanding, the current market capitalization sits at 2.65B.
A.I.Advisor
published Dividends

TIGO paid dividends on November 12, 2019

Millicom International Cellular SA TIGO Stock Dividends
А dividend of $1.32 per share was paid with a record date of November 12, 2019, and an ex-dividend date of November 05, 2019. Read more...
A.I. Advisor
published General Information

General Information

a mobile, fixed telephony, cable, and broadband services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Wireless Telecommunications
Address
2, Rue du Fort Bourbon
Phone
+352 27759021
Employees
19446
Web
https://www.millicom.com
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TIGO and

Correlation & Price change

A.I.dvisor indicates that over the last year, TIGO has been loosely correlated with VOD. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if TIGO jumps, then VOD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TIGO
1D Price
Change %
TIGO100%
+0.45%
VOD - TIGO
43%
Loosely correlated
-0.73%
BCE - TIGO
33%
Poorly correlated
-0.08%
TU - TIGO
31%
Poorly correlated
-0.43%
RCI - TIGO
30%
Poorly correlated
-0.83%
LBTYA - TIGO
29%
Poorly correlated
+0.47%
More

Groups containing TIGO

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TIGO
1D Price
Change %
TIGO100%
+0.45%
wireless
(undefined stocks)
42%
Loosely correlated
-1.37%
telecommunications
(undefined stocks)
34%
Loosely correlated
-0.99%
mobile
(undefined stocks)
31%
Poorly correlated
-2.16%
europe
(undefined stocks)
29%
Poorly correlated
-1.50%
broadband
(undefined stocks)
27%
Poorly correlated
-1.99%
More