Millicom International Cellular

Brennan Asset Management’s Q2 2026 investor letter names Millicom as an oligopoly provider of essential broadband and mobile services in Latin America and cites it as a former deeply undervalued holding. The note contrasts Millicom’s market position and turnaround story with another portfolio holding and highlights attractive historical free cash flow yields at purchase. Millicom shares closed at $93.38 on August 28, 2026, are up ~93% over 52 weeks and the company has a market capitalization of $15.64 billion; hedge fund holdings fell from 30 to 26 in Q2. » Mere på finance.yahoo.com

Millicom reported Q2 revenue of $2.18 billion versus $2.11 billion expected, while earnings per share of $0.65 missed the $0.94 estimate. Adjusted EBITDA reached a quarterly record of $1.0 billion, free cash flow to equity rose to $327 million, and the annual guidance was raised from at least $900 million to around $1.1 billion. The board approved an additional interim dividend of $1.50 per share; the stock jumped sharply in premarket trading. Management cites acquisitions, tariff migration and operational improvements as drivers, but continues to see integration costs and higher capex as risks. » Mere på de.investing.com

The Millicom share climbed to a 52-week high of around $100.14, posting a one-year return of 161% and a YTD gain of 86.6%. Market capitalization is about $16.72 billion, and the P/E ratio is 13.41. For Q1-2026, Millicom reported EPS of $0.65 (expected $1.44) on revenues of $1.99 billion, slightly above expectations. UBS cut its rating from buy to neutral but raised the price target to $90, citing already priced-in M&A cash-flow potential; the company trades at an EV/EBITDA of 6.6x versus roughly 5x for regional peers. » Mere på de.investing.com