
TIGO Stock Forecast & Price Target
TIGO Analyst Ratings
Bulls say
Millicom Intl Cellular has a strong market presence in Latin America, with wireless networks covering approximately 120 million people and serving 42 million customers, alongside fixed-line networks reaching 14 million homes for 4 million broadband customers. The company's growth strategy is bolstered by its recent agreements to acquire Telefonica's operations in Ecuador and Uruguay, which could enhance its customer base and operational scale in these regions. Despite a potential increase in net debt by 74% due to these acquisitions, Millicom's focus on converged service offerings positions it well to capitalize on emerging market demands and drive future growth.
Bears say
Millicom Intl Cellular's capex-to-sales ratio for 2024 is reported at 12.2%, which is among the lowest within its coverage, raising concerns about the company's ability to invest adequately in infrastructure amidst competition. The entrance of new competitors, such as Nubicom SRL deploying a 5G network in Argentina, is expected to create additional pressure on average revenue per user (ARPU) and margins, potentially impacting profitability. These factors combined suggest vulnerabilities in maintaining competitive advantages and financial stability in a challenging market landscape.
This aggregate rating is based on analysts' research of Millicom International Cellular S.A. and is not a guaranteed prediction by Public.com or investment advice.
TIGO Analyst Forecast & Price Prediction
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