TIGOCommunication Services · Telecom ServicesThe 8 Wall Street analysts covering Millicom International Cellular SA hold a median 12-month price target of $98 — +7.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 83 of 100 as at 6 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Millicom International Cellular SA on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Volatility (97): The share price has been relatively steady.
Issuance (32): The company has been issuing shares or taking on financing, diluting existing holders.
Size (12): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on TIGO, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +7.8% from it.
Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 18 Aug 2026 | JP Morgan | Downgrade | Neutral | $100 → $105 |
| 8 Aug 2026 | Scotiabank | Maintains | Sector Underperform | — |
| 7 Aug 2026 | Scotiabank | Maintains | Sector Underperform | $52 → $60 |
| 14 July 2026 | UBS | Maintains | Neutral | — |
| 14 July 2026 | UBS | Maintains | Neutral | $90 → $100 |
| 27 May 2026 | Scotiabank | Maintains | Sector Underperform | — |
| 20 May 2026 | JP Morgan | Maintains | Overweight | — |
| 30 Mar 2026 | Scotiabank | Maintains | Sector Underperform | — |
| 6 Mar 2026 | HSBC | Upgrade | Buy | — |
| 11 Feb 2026 | Scotiabank | Downgrade | Sector Underperform | — |
| 15 Jan 2026 | UBS | Upgrade | Buy | — |
| 17 Nov 2025 | JP Morgan | Maintains | Overweight | — |
| 7 Nov 2025 | Scotiabank | Maintains | Sector Perform | — |
| 11 Sept 2025 | UBS | Downgrade | Neutral | — |
| 19 Aug 2025 | Scotiabank | Maintains | Sector Perform | — |
| 14 Aug 2025 | JP Morgan | Maintains | Overweight | — |
| 27 June 2025 | UBS | Maintains | Neutral | — |
| 17 June 2025 | Scotiabank | Downgrade | Sector Perform | — |
| 27 May 2025 | JP Morgan | Maintains | Overweight | — |
| 16 May 2025 | UBS | Maintains | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. TIGO appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 6 Oct 2026, Millicom International Cellular SA returned +101.6% against +17.3% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 33% of US stocks
Cheaper than 51% of US stocks
Cheaper than 16% of US stocks
Cheaper than 42% of US stocks
Higher than 89% of US stocks
Higher than 4% of US stocks
Higher than 87% of US stocks
Higher than 80% of US stocks
Higher than 68% of US stocks
Higher than 83% of US stocks
Higher than 81% of US stocks
Higher than 95% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Millicom International Cellular SA has a market value of $15.3B and an enterprise value of $26.6B.
Revenue in the twelve months to 30 June 2026: $7.2B. The latest quarter grew 59.4% year on year.
Net income over the same four quarters: $646.0M, a 8.9% net margin.
Diluted earnings per share, trailing twelve months: $3.96.
Free cash flow in the twelve months to 30 June 2026: $1.2B.
Millicom International Cellular SA spent $0.0 on share buybacks and $920.0M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 23.0×; forward P/E: 12.9× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 6.58%, paying out 76% of earnings.
Millicom International Cellular SA employs 14,250 people — $508K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Millicom International Cellular SA — and when they’d sell — is the membership. See the Ticker Nerd 20 →
Zacks Investment Research reported that TIGO was added to the Zacks Rank #1 (Strong Buy) List on October 7, 2026, alongside MU, EQNR, PR and SHEL.
Why it matters — TIGO watchers may note its inclusion in the list as a reported change in its Zacks ranking.
Zacks Investment Research listed TIGO among the income stocks with a Zacks Rank #1 (Strong Buy) on October 7, 2026, alongside PAGP and SHEL.
Why it matters — TIGO watchers may note the stock's inclusion in Zacks' Strong Buy income stocks list.
24/7 Wall Street reports that five dividend stocks will go ex-dividend within the next three trading days, noting that the coverage behind their payouts ranges from solid to concerning. The article highlights that yields alone do not fully reflect the health of these dividends.
Why it matters — TIGO watchers may gain perspective on dividend-paying stocks and payout sustainability, potentially informing how they assess Millicom's own dividend profile.
Millicom reported a strong second quarter, with adjusted EBITDA surpassing $1 billion and record equity free cash flow, leading management to raise full-year guidance by over 20% and improve its leverage target. Recent acquisitions, especially Coltel in Colombia, are already accretive to equity free cash flow and integration is ahead of plan.
Why it matters — The results show Millicom's acquisition strategy is delivering ahead of plan, with raised guidance and an improved leverage target supporting its dividend outlook.
Millicom International Cellular reported second-quarter 2026 service revenue of $2 billion, up 5.4% organically year over year, supported by its prepaid-to-postpaid migration strategy, pricing actions, and recent acquisitions. Adjusted EBITDA reached a company record of $1 billion, and equity free cash flow rose more than 50% from a year earlier to a record $327 million.
Why it matters — A TIGO watcher would care because the company posted record adjusted EBITDA and equity free cash flow, with growth attributed to its migration strategy, pricing, and acquisitions.
The 8 Wall Street analysts covering Millicom International Cellular SA have a median 12-month price target of $98, with estimates ranging from $60 to $132. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 8 analysts covering Millicom International Cellular SA, 1 rate it a Buy, 6 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Millicom International Cellular SA 83 out of 100 across roughly 4,600 US stocks as at 6 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 6 Oct 2026, Millicom International Cellular SA ranks 83 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Volatility (97 of 100).
No one can know that. What the data says: the median 12-month target from 8 analysts implies +7.8% from the last close, and Ticker Nerd's factor model ranks Millicom International Cellular SA 83 out of 100 as at 6 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Millicom International Cellular SA publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for TIGO are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $60 to $132 over the next 12 months.
Millicom International Cellular SA returned +101.6% over the 12 months to 6 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Millicom International Cellular S.A. is a Luxembourg-based telecommunications and digital services company operating primarily in Latin America under the Tigo brand.
The most recent item we track (Zacks Investment Research, 7 Oct 2026): "New Strong Buy Stocks for October 7th". Zacks Investment Research reported that TIGO was added to the Zacks Rank #1 (Strong Buy) List on October 7, 2026, alongside MU, EQNR, PR and SHEL.
Millicom International Cellular S.A. is a Luxembourg-based telecommunications and digital services company operating primarily in Latin America under the Tigo brand. It provides mobile and fixed-line connectivity, broadband internet, pay TV, voice, and enterprise communications services to consumers, businesses, and public institutions. The company also offers digital financial services through Tigo Money, alongside local entertainment and content offerings such as Tigo Sports and Tigo ONEtv. Its business portfolio includes cloud, security, and managed connectivity solutions that support corporate customers across its markets. Millicom International Cellular S.A. plays a significant role in expanding digital access and integrated communications services across its core regions.
CEO Mr. Mauricio Ramos Borrero · 14,250 employees · Luxembourg · https://www.millicom.com
