HSBC cuts target from USD 109.00 to USD 93.00 for Millicom stock

Published on 10/20/2026 at 21:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 59.40 percent to USD 2.18 billion. Millicom stock costs EUR 70.50 on October 20, 2026 at 9:37 p.m. CEST.

Analyst target and earnings

HSBC cut its Millicom target from USD 109.00 to USD 93.00 on October 13, 2026.
Second-quarter revenue rose 59.40 percent to USD 2.18 billion in 2026.
Millicom stock was trading at EUR 70.50 at Lang & Schwarz on October 20, 2026 at 9:37 p.m. CEST.
Millicom is scheduled to report third-quarter results on November 5, 2026.

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Millicom International Cellular (ISIN LU0038705702) faces a lower HSBC valuation marker after the bank cut its target from USD 109.00 to USD 93.00 on October 13, 2026, according to Investing.com. The revised target stands 17.32 percent above the Nasdaq price of USD 79.27 on October 20, 2026. At Lang & Schwarz, Millicom stock was trading at EUR 70.50 on October 20, 2026 at 9:37 p.m. CEST.

Revenue grew, profit fell

Millicom's second-quarter 2026 revenue rose 59.40 percent year over year to USD 2.18 billion, while service revenue increased 60.10 percent to USD 2.04 billion. El Fondo reported that adjusted EBITDA reached USD 1.01 billion, up 58.00 percent, and equity free cash flow reached USD 327.00 million, up 50.10 percent.

The earnings mix was uneven. Net profit attributable to company owners fell 83.90 percent year over year to USD 109.00 million from USD 676.00 million, while organic revenue growth was 4.30 percent in the quarter, according to El Fondo.

The stock sits below its high

Millicom's Nasdaq price was USD 79.27 at 3:37 p.m. ET on October 20, 2026. The same-day market picture places the stock between a 52-week low of USD 44.88 and a high of USD 107.13, with a market capitalization of USD 13.3 billion and volume of 405,903 shares.

The gap between the operating figures and the share price matters for valuation. Millicom traded at a trailing price-to-earnings ratio of 19.98, while its year-to-date gain was 43.00 percent as of October 20, 2026.

What does the target reset change?

HSBC's USD 93.00 target is 17.32 percent above the Nasdaq price of USD 79.27, but the comparison does not erase the second-quarter profit decline. The stronger operating figures came with a 2.73 times leverage ratio and capital expenditure of USD 234.00 million in the quarter, according to El Fondo.

Next report is November 5

Millicom is scheduled to report third-quarter 2026 results on November 5, 2026, according to MetaCap. The company also approved a USD 1.50 interim dividend in 2026, payable in two USD 0.75 installments, according to El Fondo.

Millicom trading snapshot

The euro quote was EUR 70.50 at Lang & Schwarz on October 20, 2026 at 9:37 p.m. CEST. On Nasdaq, Millicom was at USD 79.27 at 3:37 p.m. ET on the same date.

The further course of trading is shown by the continuously updated real-time quote of Millicom stock.