DnB Markets - Millicom International Cellular S.A. (TIGO) Millicom (Buy, TP: SEK350.00) - Customer comeback

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DnB Markets

Stefan Gauffin

EUR 473.05 For Business Accounts Only

Millicom (Buy, TP: SEK350.00) - Customer comeback

Despite increased customer intake in Q3, EBITDA adjusted for one-offs and EFCF was solid. We expect improved customer momentum to drive service revenue growth in 2025. We reiterate our BUY and have raised our target price to SEK350 (330).

11/11/2024 1 EN

Underlying

Millicom International Cellular S.A.

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LU0038705702 NASDAQ Stock Market United States

Provider

DnB Markets

DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.

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Analysts

Stefan Gauffin

Other Reports on these Companies

GlobeNewsWire

Notification of transaction by a closely associated person of a Director of Millicom (Tigo)

Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Notification of transaction by a closely associated person of a Director of Millicom (Tigo) Luxembourg, November 13, 2024 – International Cellular S.A. ("Millicom") announces that, on November 7, 2024, Atlas Luxco S.à r.l. (”Atlas”) a person closely associated (”PCA”) with Jules Niel, a member of Millicom’s Board of Directors, acquired 40,089 Millicom Swedish Depository Receipts (SDRs) in the open market at an average price of SEK 280.4 per share (the “Acquisition”). The Acquisition by Atl...

19h / 58m 19h / 58m 1 EN

GlobeNewsWire

Notification of share transaction by Director of Millicom (Tigo) shares

Notification of share transaction by Director of Millicom (Tigo) shares Notification of share transaction by Director of Millicom (Tigo) shares Luxembourg, November 8, 2024 – International Cellular S.A. ("Millicom") announces that, on November 8, 2024, Tomas Eliasson, Director of Millicom, sold 17,269 Millicom Swedish Depository Receipts (SDRs) in the open market at an average price of SEK 289.19 per share. Mr. Eliasson now directly owns no shares. Details of the transaction are disclosed on Millicom’s . For further information, please contact: Press: Sofía Co...

November 8, 2024 November 8, 2024 1 EN

PhotoCure (Buy, TP: NOK84.00) - Set to meet 2024 targets

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Rune Majlund Dahl

Rune Majlund Dahl

Lundbeck (Buy, TP: DKK56.00) - Focusing on strategic brands

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Steffen Evjen

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BlueNord (Buy, TP: NOK680.00) - The next chapter

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Millicom (Buy, TP: SEK350.00) - Customer comeback

Notification of transaction by a closely associated person of a Director of Millicom (Tigo)

Notification of share transaction by Director of Millicom (Tigo) shares

PhotoCure (Buy, TP: NOK84.00) - Set to meet 2024 targets

Lundbeck (Buy, TP: DKK56.00) - Focusing on strategic brands

BlueNord (Buy, TP: NOK680.00) - The next chapter

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