Millicom stock: HSBC cut target for Millicom stock to USD 93.00

Published on 10/23/2026 at 00:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC cut its target from USD 109.00 to USD 93.00 on October 13, 2026. The November 5 results date matters for Millicom stock.

Targets and operating milestones

HSBC cut its Millicom target from USD 109.00 to USD 93.00 on October 13, 2026.
Second-quarter revenue reached USD 2.18 billion, up 59.40 percent year over year.
Millicom is scheduled to report its next results on November 5, 2026.

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HSBC cut its target for Millicom International Cellular from USD 109.00 to USD 93.00 on October 13, 2026, while keeping a Hold rating, according to Placera. The change puts execution and balance-sheet progress at the center of the next stock debate.

Revenue growth meets debt pressure

Millicom reported second-quarter 2026 revenue of USD 2.18 billion, up 59.40 percent from the same quarter a year earlier, according to KoalaGains. The same review put operating income at USD 452.00 million, EBITDA at USD 971.00 million and net income at USD 109.00 million for the quarter.

The contrast is important for investors. Revenue expanded sharply, but quarterly net profit margin was 5.00 percent and interest expense reached USD 242.00 million, according to the same Q2 2026 review.

Three milestones shape the stock

On October 13, 2026, HSBC reduced its target from USD 109.00 to USD 93.00. On October 19, 2026, fair value estimates moved from USD 98.39 to USD 96.39, as reported by Yahoo Finance.

On October 22, 2026, Hosking Partners reduced its position by 30,389 shares, retaining 311,922 shares, according to MarketBeat.

What comes next for earnings?

Millicom is scheduled to report September 2026 results on November 5, 2026, before the market opens, according to MetaCap. Analysts cited on that page expect earnings per share of USD 1.08, giving the report a clear numerical test after the Q2 revenue jump.

Market value and investor context

Millicom's Nasdaq quote stood at USD 79.93 on October 22, 2026 at 4:00 p.m. ET. The finance data snapshot also placed market capitalization at USD 13.4 billion and the 52-week range at USD 44.88 to USD 107.13 as of October 22, 2026.

The central issue is conversion rather than demand alone. Q2 revenue reached USD 2.18 billion, but the USD 242.00 million interest burden and 5.00 percent net margin show why the next report will be judged on profitability as well as growth. The further course of trading is shown by the continuously updated real-time quote of Millicom stock.