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Millicom International Cellular SA (TIGO) — chart, structure and Closelook read

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Company snapshot — Millicom International Cellular SA

TIGO in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Millicom operates mobile and cable networks across Latin America under the Tigo brand, offering mobile voice and data, mobile financial services such as payments and small loans, and fixed broadband, voice and pay-TV. It also runs tower infrastructure and managed and cloud services for business customers. The company serves consumers, small firms and government clients and is headquartered in Luxembourg.
Where it sits in the stack
Millicom carries no seat in our indices; it sits in the Communication Services sector of our US-listed universe, grouped with other telecom and internet names the diary tracks by country and sector rather than by AI-stack layer.
Who it is priced against
Closelook's peer group places it with other Communication Services names listed in the US, a grouping built from sector and country rather than business model; América Móvil is the wider Latin American telecom name the market also names alongside it.
Why Closelook tracks it
Millicom carries a Closelook score with three of the modules built so far; momentum reads strongest and quality reads weakest. It holds no seat in our indices and has not yet appeared in the diary's quoted coverage.
What the diary watches
The diary watches whether the quality module keeps lagging as Millicom balances its capital-heavy network build with the growth of its financial-services and cable lines across the region.

Millicom International Cellular SA (TIGO) trades on US exchanges.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for TIGO, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 1 analyst action on the wire · latest: price target by Morgan Stanley, 2026-08-20

The Street on this name

Analyst actions and the latest print for TIGO from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target Morgan Stanley — target 94 from 80 Target raised to $94 from $80 (+5.9% to spot) 2026-08-20

1 action on the analyst wire since 2026-08-13: 1 target change. Analyst wire → · Earnings wire →

Who it is priced against Telecom Services · US · 8 names with week and year-to-date

Peer group

Telecom Services · US

This name carries no Closelook score, so its cohort ranks on trend state — distance to the 50- and 200-day averages — never on a score it does not have.

Compared against TIGO on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 5.98%, quarterly · buybacks 119 m USD in FY2025

Dividends and capital return

What TIGO pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 5.50 USD per share · a 5.98% yield on the 2026-09-23 close 4 distributions, paid quarterly 2026-09-23
  • Change on the year +120.0% against the prior twelve months prior twelve months 2.50 USD per share
  • Last distribution 0.75 USD per share as the price series records it, within days of the ex-date 2026-07-08
  • By calendar year 2025: 4.50 USD · 2026: 3.50 USD to date first distribution recorded in the three-year window: 2025-01-03
  • Dividends paid, FY2025 754 m USD 109% of earnings
  • Buybacks, FY2025 119 m USD 0.8% of today's market value
  • Share count −2.6% in FY2025 14 m USD of stock-based compensation in the year
  • Capital returned 873 m USD · 74% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

How it trades on rate days beta 0.55 to TLT · on the worst bond days it fell more than the market

How it trades on rate days

How TIGO has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.55 — tends to move with bonds for every 1% move in TLT (20+ year Treasuries), Millicom International Cellular SA moved 0.55% on average · correlation 0.13 · higher than 58% of US names
  • Beta, last 3 months 0.18 less rate-sensitive lately than over the year
  • On the 10 worst bond days −1.14% on average against −0.76% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −3.38% TLT −1.58% that day 2026-09-23

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 65/100 · S&P 500 fund at 68, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-23
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 99th percentile of the window, +9.3% over 20 sessions. Factor regime → 2026-09-23
  • Sovereign pressure Index 0.60 · up 0.32 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-23

FAQ · from the current data · as of 2026-09-24

Quick answers

What is Millicom International Cellular SA (TIGO)?

Millicom International Cellular SA trades as TIGO on the US exchange (US) in the Closelook research universe, as of the registry build of 2026-09-24.

Is TIGO in a Closelook index?

Not currently — Millicom International Cellular SA is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-24.

Where does TIGO trade against its moving averages?

Pullback inside an uptrend stack: Trades -3.2% vs the 50-day and +18.3% vs the 200-day average, 14.2% below the 52-week high and +115.4% off the 52-week low. Computed from daily closes. As of 2026-09-23 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does Millicom International Cellular SA do?

Millicom operates mobile and cable networks across Latin America under the Tigo brand, offering mobile voice and data, mobile financial services such as payments and small loans, and fixed broadband, voice and pay-TV. It also runs tower infrastructure and managed and cloud services for business customers. The company serves consumers, small firms and government clients and is headquartered in Luxembourg. Closelook's peer group places it with other Communication Services names listed in the US, a grouping built from sector and country rather than business model; América Móvil is the wider Latin American telecom name the market also names alongside it.

Where does Millicom International Cellular SA sit in the AI build-out?

Millicom carries no seat in our indices; it sits in the Communication Services sector of our US-listed universe, grouped with other telecom and internet names the diary tracks by country and sector rather than by AI-stack layer. Millicom carries a Closelook score with three of the modules built so far; momentum reads strongest and quality reads weakest. It holds no seat in our indices and has not yet appeared in the diary's quoted coverage.

Does Millicom International Cellular SA pay a dividend?

Millicom International Cellular SA has paid 5.50 USD per share over the last twelve months, paid quarterly, a trailing yield of 5.98% on the 2026-09-23 close; the last distribution recorded in the price series was 0.75 USD on 2026-07-08. In fiscal 2025 the company paid 754 m USD in dividends and bought back 119 m USD of its own shares, 74% of that year’s free cash flow. The share count fell 2.6% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

How does Millicom International Cellular SA trade when bond yields rise?

Over the past year Millicom International Cellular SA had a beta of 0.55 to TLT, the long-dated Treasury fund — it tends to move with bonds, higher than 58% of US names. On the 10 sessions in which long bonds fell most it moved −1.14% on average, against −0.76% for the S&P 500. The "How it trades on rate days" block on this page carries the lines.

What has Wall Street done on Millicom International Cellular SA recently?

The most recent analyst action on Millicom International Cellular SA on the Closelook wire is a price target by Morgan Stanley on 2026-08-20 (target 94 from 80). 1 action on the analyst wire since 2026-08-13: 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for TIGO, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Related in the Closelook universe

then Telecom Services. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.