Millicom International Cellular SA (TIGO) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to loss of $0.36 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Millicom offers an 11% dividend yield and 60% upside potential as it transitions to exclusive US listing, simplifying its shareholder base. The company has a dominant market position in Central and South America, with significant free cash flow and low financial leverage. Share repurchases and a robust dividend provide downside protection, with institutional demand expected to drive valuation normalization.
Millicom International Cellular has performed close to the S&P500 trend, with a 5% RoR, which I consider within the margin of error. I believe in diversifying investments in emerging markets, particularly in Africa, the Middle East, Asia, and LATAM/South America. Millicom, now focused on LATAM, benefits from divestments and operational changes, aligning with my strategy of increasing exposure to these regions.
Millicom International Cellular S.A. (NASDAQ:TIGO ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Marcelo Benitez - Chief Executive Officer Bart Vanhaeren - Chief Financial Officer Conference Call Participants Andreas Coello - Scotiabank Andreas Joelsson - Carnegie Stefan Gauffin - DNB Marcelo Santos - JPMorgan Operator Hello, everyone, and welcome to our third quarter 2024 results call.
Millicom operates in politically volatile Latin American markets, leading to high volatility but significant growth potential, particularly in Guatemala, Panama, and Honduras. Despite geopolitical and debt risks, Millicom's 2Q24 results are strong, with EBITDA up 20%, leverage down, and positive free cash flow. Key transactions, including acquisitions in Colombia and a merger in Costa Rica, aim to enhance growth and market position, though they increase risk.
Millicom International Cellular S.A. (NASDAQ:TIGO ) Q2 2024 Earnings Conference Call August 2, 2024 8:00 AM ET Company Participants Marcelo Benitez - Chief Executive Officer Maxime Lombardini - Chief Operating Officer Bart Vanhaeren - Chief Financial Officer Conference Call Participants Andreas Jossen - Carnegie Stefan Gauffin - DNB Phani Kanumuri - HSBC Operator Hello everyone and welcome to our Second Quarter 2024 Results Call.
Millicom (TIGO) strengthens its cloud service offering business in collaboration with AWS to drive digital transformation across Latin America.
French billionaire Xavier Niel is considering buying out telecom firm Millicom International Cellular S.A. , his investment vehicle Atlas Investissement said on Thursday.