Why Is MILLICOM INTERNTNL C (TIGO) Stock Down Today?

Millicom International Cellular (TIGO) shares fell 9.84% to $80.63. The decline followed the release of third-quarter 2026 financial results, where GAAP earnings per share of $0.58 lagged the prior year figure of $1.16.

What Happened

The company reported adjusted EBITDA of $1.09 billion, a 57.7% year-over-year increase. Organic revenue growth stood at 4.8%, while total revenue rose 45.4% on a trailing twelve-month basis. The significant drop in GAAP EPS was primarily driven by the prior year period, which included a $138 million gain on the sale of Lati operations. UBS upgraded the stock to Buy, citing new evidence that boosted its confidence in the company. Other analysts maintained a Hold rating, noting that while acquisitions add scale, the company is still paying the bill. One analyst argued that strong cash flow and organic revenue growth offset high debt and premium valuation, while another suggested the stock presents a riskier proposition than before.

What The Data Shows

The stock opened at $86.21, a 3.6% gap down from the prior close of $89.43. The session high was $86.21 at 7:25 AM ET, while the session low reached $80.24 at 9:35 AM ET. Volume stood at 0.2 million shares, which is 0.2 times the three-month daily average. The company has a market capitalization of $14.9 billion and a P/E ratio of 26.2. The net margin is 7.0%, and the beta is 0.95. The dividend yield is 3.38%. The 52-week range is $48.58 to $107.13. The stock printed three fresh 52-week lows on November 12, 2026. A dividend of $0.75 per share is scheduled with an ex-date of October 8, 2026.

What To Watch

Investors will monitor the coverage breadth following the mixed analyst reactions to the earnings report. The upcoming ex-dividend date of October 8, 2026, is also a key date for holders.