Missed NVDA?
Don’t Miss the Next One.
Join 5,000+ investors using Ticker Nerd’s Market Radar to stay ahead of major market moves, analyst upgrades, and trending opportunities — for free.
TIGO Stock Forecast 2026-2027
$81.38
Current Price
$13.63B
Market Cap
Buy 5
Hold 3
Sell 1
Wall St Analyst Ratings
Distance to TIGO Price Targets
+9.4%
To High Target of $89.00
-7.8%
To Median Target of $75.00
-37.1%
To Low Target of $51.20
TIGO Price Momentum
-2.1%
1 Week Change
+13.1%
1 Month Change
+150.8%
1 Year Change
+46.8%
Year-to-Date Change
-3.6%
From 52W High of $84.44
+168.9%
From 52W Low of $30.26
📊 TOP ANALYST CALLS
Did TIGO Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Millicom is one of their latest high-conviction picks.
Latest TIGO Stock Price Targets & Analyst Predictions
Based on our analysis of 10 Wall Street analysts, TIGO has a bullish consensus with a median price target of $75.00 (ranging from $51.20 to $89.00). The overall analyst rating is Buy (7.6/10). Currently trading at $81.38, the median forecast implies a -7.8% downside. This outlook is supported by 5 Buy, 3 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Phani Kanumuri at HSBC, projecting a 9.4% upside. Conversely, the most conservative target is provided by Andres Coello at Scotiabank, suggesting a 37.1% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
TIGO Analyst Ratings
5
Buy
3
Hold
1
Sell
TIGO Price Target Range
Low
$51.20
Average
$75.00
High
$89.00
Current: $81.38
Latest TIGO Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for TIGO.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Mar 30, 2026 | Scotiabank | Andres Coello | Sector Underperform | Maintains | $51.20 |
| Mar 6, 2026 | HSBC | Phani Kanumuri | Buy | Upgrade | $89.00 |
| Feb 11, 2026 | Scotiabank | Andres Coello | Sector Underperform | Downgrade | $43.00 |
| Jan 15, 2026 | UBS | Leonardo Olmos | Buy | Upgrade | $70.00 |
| Nov 17, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $63.00 |
| Nov 7, 2025 | Scotiabank | Andres Coello | Sector Perform | Maintains | $46.80 |
| Sep 11, 2025 | UBS | Leonardo Olmos | Neutral | Downgrade | $49.00 |
| Aug 19, 2025 | Scotiabank | Andres Coello | Sector Perform | Maintains | $46.10 |
| Aug 14, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $55.00 |
| Jun 27, 2025 | UBS | Neutral | Maintains | $N/A | |
| Jun 17, 2025 | Scotiabank | Andres Coello | Sector Perform | Downgrade | $37.00 |
| May 27, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $50.00 |
| May 16, 2025 | UBS | Leonardo Olmos | Buy | Maintains | $39.50 |
| Apr 3, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $41.00 |
| Apr 3, 2025 | Barclays | Mathieu Robilliard | Equal-Weight | Maintains | $36.00 |
| Feb 28, 2025 | Scotiabank | Andres Coello | Sector Outperform | Maintains | $37.90 |
| Jan 29, 2025 | Morgan Stanley | Cesar Medina | Equal-Weight | Initiates | $32.00 |
| Jan 16, 2025 | JP Morgan | Marcelo Santos | Overweight | Maintains | $33.00 |
| Sep 20, 2024 | Scotiabank | Andres Coello | Sector Outperform | Upgrade | $37.30 |
| Sep 6, 2024 | JP Morgan | Marcelo Santos | Overweight | Reinstates | $35.00 |
Millicom International Cellular S.A. (TIGO) Competitors
The following stocks are similar to Millicom based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Millicom International Cellular S.A. (TIGO) Financial Data
Millicom International Cellular S.A. has a market capitalization of $13.63B with a P/E ratio of 10.5x. The company generates $5.82B in trailing twelve-month revenue with a 22.6% profit margin.
Revenue growth is +15.7% quarter-over-quarter, while maintaining an operating margin of +25.7% and return on equity of +37.9%.
Valuation Metrics
Market Cap
$13.63B
Enterprise Value
$21.60B
P/E Ratio
10.5x
PEG Ratio
0.0x
Price/Sales
2.4x
Growth & Margins
Revenue Growth (YoY)
+15.7%
Gross Margin
+77.8%
Operating Margin
+25.7%
Net Margin
+22.6%
EPS Growth
+712.9%
Financial Health
Cash/Price Ratio
+11.4%
Current Ratio
0.9x
Debt/Equity
262.3x
ROE
+37.9%
ROA
+6.1%
💡 SKIP THE NOISE
97% of Analyst Ratings Go Nowhere
We filter thousands of calls to find the few that actually matter. Get the top analyst buy ratings — tracked and updated every Monday and Thursday.
Millicom International Cellular S.A. (TIGO) Business Model
About Millicom International Cellular S.A.
What They Do
Provides telecommunications and media services in emerging markets.
Business Model
Millicom generates revenue primarily through mobile services, fixed broadband, and cable television solutions in Latin America and Africa. The company also invests in digital applications and mobile financial services, targeting underbanked populations to enhance accessibility to banking facilities.
Additional Information
Established in 1990 and headquartered in Luxembourg, Millicom plays a significant role in economic development and digital transformation in emerging markets. The company focuses on expanding digital infrastructure and connectivity, particularly in underpenetrated regions, making it a key player in the global digital economy.
Company Information
Sector
Communication Services
Industry
Telecom Services
Employees
14,250
CEO
Mr. Mauricio Ramos Borrero
Country
Luxembourg
IPO Year
2011
Website
www.millicom.comMillicom International Cellular S.A. (TIGO) Latest News & Analysis
Latest News
Quick Summary
Millicom has completed an $87.5 million reopening of its 7.375% Senior Notes due 2032 in a private placement, exempt from U.S. registration, to Banco General, S.A.
Why It Matters
Millicom's successful reopening of senior notes indicates strong demand for its debt, potentially enhancing liquidity and financial stability, which can positively impact stock performance.
Source: GlobeNewsWire
Market Sentiment:
Neutral
FOX Latin America and Tigo Sports partner to expand sports content offering in Central America
6 days ago
Quick Summary
FOX Latin America has acquired Tigo Sports' local programming in Central America, enhancing sports content with more international leagues and full coverage of the FIFA World Cup 2026™.
Why It Matters
The partnership enhances Tigo's competitive edge in the region's media market, potentially increasing subscriber growth and revenue from advertising and sports viewership.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Millicom (Tigo) has enhanced regional connectivity in Central America by entering a strategic agreement with Trans Americas Fiber System.
Why It Matters
Millicom's strategic agreement enhances regional connectivity, potentially boosting market share and revenue. Improved infrastructure can attract new customers and increase operational efficiency.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Millicom priced $75 million of 7.375% Senior Notes due 2032 in a Regulation S private placement at 100.985%, targeting non-U.S. investors.
Why It Matters
Millicom's successful pricing of $75 million in Senior Notes indicates strong demand and financial stability, potentially enhancing investor confidence in its future performance and creditworthiness.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Millicom's 2025 Annual Report shows record financial results and an expanded regional presence, marking a strong performance and key strategic achievements.
Why It Matters
Millicom's record financial results and expanded footprint signal strong growth potential, which could enhance investor confidence and drive stock performance.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Millicom International Cellular S.A. has announced its Annual General Meeting of Shareholders. The registered address is 148-150 Boulevard de la Pétrusse, Luxembourg.
Why It Matters
The convening notice signals an upcoming opportunity for shareholders to engage with company leadership, influencing governance and strategy, which can impact stock performance.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Frequently Asked Questions About TIGO Stock
What is Millicom International Cellular S.A.'s (TIGO) stock forecast for 2026?
Based on our analysis of 10 Wall Street analysts, Millicom International Cellular S.A. (TIGO) has a median price target of $75.00. The highest price target is $89.00 and the lowest is $51.20.
Is TIGO stock a good investment in 2026?
According to current analyst ratings, TIGO has 5 Buy ratings, 3 Hold ratings, and 1 Sell ratings. The stock is currently trading at $81.38. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for TIGO stock?
Wall Street analysts predict TIGO stock could reach $75.00 in the next 12 months. This represents a -7.8% decrease from the current price of $81.38. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Millicom International Cellular S.A.'s business model?
Millicom generates revenue primarily through mobile services, fixed broadband, and cable television solutions in Latin America and Africa. The company also invests in digital applications and mobile financial services, targeting underbanked populations to enhance accessibility to banking facilities.
What is the highest forecasted price for TIGO Millicom International Cellular S.A.?
The highest price target for TIGO is $89.00 from Phani Kanumuri at HSBC, which represents a 9.4% increase from the current price of $81.38.
What is the lowest forecasted price for TIGO Millicom International Cellular S.A.?
The lowest price target for TIGO is $51.20 from Andres Coello at Scotiabank, which represents a -37.1% decrease from the current price of $81.38.
What is the overall TIGO consensus from analysts for Millicom International Cellular S.A.?
The overall analyst consensus for TIGO is bullish. Out of 10 Wall Street analysts, 5 rate it as Buy, 3 as Hold, and 1 as Sell, with a median price target of $75.00.
How accurate are TIGO stock price projections?
Stock price projections, including those for Millicom International Cellular S.A., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: April 20, 2026 4:04 AM UTC