Shares of Latin American telecom provider Millicom (NASDAQ:TIGO) have exploded over the last year, rising from around $25 on June 4, 2024 to around $37 now. However, hedge funds continue to find lots to love about this company, seeing even more upside from current prices.
Millicom continues to grow, both organically and through acquisitions. The latest deal to be announced was in Uruguay, where Telefonica agreed to sell its business in the country to Millicom for $440 million. Multiple hedge fund managers have written about Millicom over the past year, and they continued to hold the stock, riding it up to a new 52-week high recently.
The bull case for Millicom stock
The Bonhoeffer Fund has held Millicom shares for at least a...
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