$TIGO

Guatemala's economy was US$123.3B in 2025, with US$1.9B in foreign direct investment. Remittances from Guatemalans abroad totaled US$25.4B. A US trade deal, signed in January 2026, revises tariffs and includes provisions on defense, finance, and digital services. The World Bank approved US$250M for airport upgrades and US$250M for energy transition. Millicom, a telecom group, reported US$1.67B revenue from Guatemala in 2025.

Tigo, owned by Millicom, has completed its acquisition of Telefonica's operations in Ecuador, replacing Movistar and Tuenti. The transition involves rebranding and a $460 million investment plan over four years to modernize the network. Tigo Ecuador has over five million customers and plans to expand 4G LTE technology across 2,000 sites, incorporating 700MHz spectrum. This acquisition is part of Millicom's strategy to strengthen its presence in Latin America.

Millicom (TIGO) reported Q2 2026 revenue up 59.4% YoY to $2.18B, with EBITDA crossing $1B for the first time. However, net profit dropped 83.9% to $109M. The company raised its full-year equity free cash flow guidance to ~$1.1B and declared additional dividends. Organic revenue growth was only 4.3%, and capital spending increased significantly. Hedge fund ownership decreased, while short interest remained low.

Millicom International Cellular SA (TIGO) shares dropped 3.1% to $93.22 on August 27, 2026. The stock is deemed significantly overvalued, trading at 148.8% above its GF Value™ of $37.47. Insiders sold $8.3M in shares over the past year, with no buying activity. The GF Score™ is 59/100, indicating average performance with weak valuation and momentum.

Millicom International Cellular (TIGO) declared an interim dividend of $1.50 per share, payable in 2027. The company's stock has seen significant gains, with a 56.94% year-to-date return and 113.95% one-year total return. Analysts debate its valuation, with fair value estimates ranging from $88.43 to $308.18, highlighting risks like Colombia integration and competition.

Millicom International Cellular shares declined following a downgrade by JPMorgan. The stock is down 7.50% over 5 days and 8.55% year-to-date, despite a 56.76% gain since January 1st. The downgrade was based on valuation, earnings revisions, and visibility metrics.

Analyst actions: DA Davidson upgraded Duolingo (DUOL) to Buy, PT $160 (from $130). Citi upgraded Bath & Body Works (BBWI) to Buy, PT $25. KeyBanc upgraded Acadia Realty Trust (AKR) to Overweight, PT $25. Mizuho downgraded Norwegian Cruise Line (NCLH) to Neutral, PT $17 (from $22). Multiple other upgrades/downgrades and initiations were issued across retail, real estate, telecom, and healthcare.

JPMorgan downgraded Millicom International Cellular to 'Neutral' from 'Overweight' and raised its price target to $105 from $100. The stock has seen a 5-day change of -7.50% and a year-to-date change of +56.76%.

Simply Wall St discusses Millicom International Cellular (TIGO) after its Q2 2026 results. The company reported quarterly sales of US$2,179 million, up year on year, but net income fell to US$109 million. Its board declared a US$1.50 per share interim dividend in two installments in early 2027, alongside forecast targets for 2029.

Millicom International Cellular S.A. (NASDAQ:TIGO) reported Q2 2026 service revenue of $2.0B (+60.1% reported, +5.4% organic) and adjusted EBITDA of $1.0B (+58% reported, +9.1% organic), with 46.3% margin. Equity free cash flow was $327M, record, and full-year 2026 eFCF guidance was raised to about $1.1B. Leverage target is below 2.5x by year-end 2026.