TIGO · NASDAQ · STOCK
Millicom International Cellular S.A.
$95.14
52W $42.72 – $107.13
56/100
$15.92B
23.9
0.90
Is TIGO Bullish or Bearish?
Mixed.
Innellis AI committee rates Millicom International Cellular S.A. (TIGO) Watch with a composite score of 56/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +3.75 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -16.25 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Risk Analyst remains cautious — high leverage (debt-to-equity 2.60) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 21.2% shows genuine earnings power backing the valuation — Value
- Dividend yield of 3.1% pays you to wait — Value
- Revenue growing 29.1% YoY -- genuine top-line momentum — Growth
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- Debt-to-equity of 2.60 adds balance-sheet risk to the value case — Value
- EPS declining -29.4% YoY despite any revenue growth — Growth
- MACD histogram negative -- bearish momentum — Technical
- High leverage (debt-to-equity 2.60) amplifies downside in a stress scenario — Risk
- Current ratio of 0.88 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
56/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 66%
of 51 Communication Services peers
Value Analyst
neutral
56
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 21.2% shows genuine earnings power backing the valuation
− Debt-to-equity of 2.60 adds balance-sheet risk to the value case
Growth Analyst
neutral
52
/ 100 · Moderate confidence
Moderate growth -- present but not remarkable
+ Revenue growing 29.1% YoY -- genuine top-line momentum
− EPS declining -29.4% YoY despite any revenue growth
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 2.60) amplifies downside in a stress scenario
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
48.0
Neutral
MACD Histogram
-0.235
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
0.41
Inside Bands
Price vs Moving Averages
EMA 9
$96.04
Below
EMA 21
$95.38
Below
EMA 50
$92.27
Above
EMA 200
$75.20
Above
Fundamental Analysis
Valuation
63
Profitability
81
Financial Health
0
Cash Flow
70
Valuation
P/E Ratio
23.9×
P/B Ratio
6.49×
PEG Ratio
-0.80
Dividend Yield
5.79%
52W High
$107.13
52W Low
$42.72
Quality & Growth
ROE
3615.4%
ROA
762.8%
Gross Margin
6290.8%
Operating Margin
2401.9%
Revenue Growth YoY
—
Debt / Equity
4.85
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 23.9 (inexpensive relative to a 15-40x range); Price-to-book of 6.5x; PEG ratio of -0.8 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 36.2%; Return on assets of 7.6%; Net margin of 9.2%; Gross margin of 62.9%; Current ratio of 0.53 (tight short-term liquidity); Debt-to-equity of 4.85; Free cash flow per share is positive (9.20); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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