Millicom International Cellular SA SEDR
TIGO SDB: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 876.00 | Htwtx | Gwmbwrwm |
Millicom Earnings: Execution Struggles Continued as Expected Following June Warning
As telegraphed in its earnings warning at the end of June, Millicom’s operational struggles continued during the second quarter. Consolidated profitability remains under pressure as revenue growth has lagged inflation and the firm spends on restructuring efforts. We are leaving our fair value estimate at $30 as we expect Millicom will take steps in the coming quarters to improve its overall position.