TICKERNERD
Menu
TIGOTIGOCommunication Services · Telecom Services

TIGO Stock Forecast: Millicom International Cellular SA Price Predictions for 2026-2027

Last close, 3 Sept 2026
$96
+0.68% on the day

The 8 Wall Street analysts covering Millicom International Cellular SA hold a median 12-month price target of $98 — +1.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 82 of 100 as at 2 Sept 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$15.7B
Ticker Nerd rank
82 / 100
Median analyst target
$98
Analysts covering
8
Revenue$2.2B+58.8% y/y
Operating income$452.0M
Net income$101.0M
Free cash flow$395.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+2.9%
1M
+1.7%
YTD
+83.3%
1Y
+108.2%
From 52W high
−8.1%
From 52W low
+121.8%
$43
$104
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

TIGO stock analysis: one number for the whole business

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.

Where the model ranks itAs at 2 Sept 2026
82 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Momentum
98
Volatility
98
Quality
90
Value
76
Growth
71
Revisions
67
Accruals
50
Issuance
32
Size
12

Momentum (98): The shares have been drifting up relative to others.

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.

Wall Street

TIGO stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on TIGO, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$40$60$80$100$120$140Oct 25Jan 26Apr 26Jul 26TIGOHigh $132Median $98Low $60

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

What Wall Street says8 analysts
1 Buy6 Hold1 Sell
Low $60Median $98High $132

The green dot is the last close — the median target sits +1.7% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 3 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
18 Aug 2026JP MorganDowngradeNeutral$100 → $105
8 Aug 2026ScotiabankMaintainsSector Underperform—
7 Aug 2026ScotiabankMaintainsSector Underperform$52 → $60
14 July 2026UBSMaintainsNeutral—
14 July 2026UBSMaintainsNeutral$90 → $100
27 May 2026ScotiabankMaintainsSector Underperform—
20 May 2026JP MorganMaintainsOverweight—
30 Mar 2026ScotiabankMaintainsSector Underperform—
6 Mar 2026HSBCUpgradeBuy—
11 Feb 2026ScotiabankDowngradeSector Underperform—
15 Jan 2026UBSUpgradeBuy—
17 Nov 2025JP MorganMaintainsOverweight—
7 Nov 2025ScotiabankMaintainsSector Perform—
11 Sept 2025UBSDowngradeNeutral—
19 Aug 2025ScotiabankMaintainsSector Perform—
14 Aug 2025JP MorganMaintainsOverweight—
27 June 2025UBSMaintainsNeutral—
17 June 2025ScotiabankDowngradeSector Perform—
27 May 2025JP MorganMaintainsOverweight—
16 May 2025UBSMaintainsBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

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.

Free, every Monday. Unsubscribe any time.

Performance

TIGO vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 3 Sept 2026, Millicom International Cellular SA returned +108.2% against +21.4% for the S&P 500, dividends included.

TIGO vs S&P 500, last 12 monthsTotal return, rebased to 100
80100120140160180200220Oct 25Jan 26Apr 26Jul 26TIGOS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

TIGO analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−15.8%
Analysts raising
1
Analysts cutting
2
Fundamentals

Millicom International Cellular SA (TIGO) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
23.3×

Cheaper than 33% of US stocks

Price / sales
2.2×

Cheaper than 51% of US stocks

Price / book
5.0×

Cheaper than 21% of US stocks

EV / EBITDA
8.7×

Cheaper than 43% of US stocks

Growth & margins
Revenue growth (YoY)
59.4%

Higher than 89% of US stocks

Earnings growth (YoY)
−83.9%

Higher than 4% of US stocks

Gross margin
75.3%

Higher than 87% of US stocks

Operating margin
20.7%

Higher than 80% of US stocks

Net margin
9.2%

Higher than 68% of US stocks

Returns & dividend
Return on equity
21.7%

Higher than 83% of US stocks

Return on assets
5.9%

Higher than 81% of US stocks

Dividend yield
6.4%

Higher than 87% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Millicom International Cellular SA (TIGO) statistics: revenue, profit & scale

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 $15.7B and an enterprise value of $26.9B.

  • 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.

  • Shares outstanding: 167.7M.

  • Trailing P/E: 23.3×; forward P/E: 13.7× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 6.42%, paying out 75% of earnings.

  • Millicom International Cellular SA employs 14,250 people — $508K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Sept 2026

Data provided by Twelve Data

Peers

TIGO vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelTelecom Services
CompanyMarket capTKN rank
TIGOMillicom International Cellular SA$15.7B
82
GSATGlobalstar, Inc.$10.3B
51
ECHOEchoStar Corp.$25.0B
59
CHTRCharter Communications, Inc.$27.8B
42
LUMNLumen Technologies, Inc. (Louisiana)$7.0B
60
LBRDKLiberty Broadband Corp.$5.2B
—
IRDMIridium Communications, Inc.$5.0B
79

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 →

News

Latest TIGO news & analysis

Millicom: The Acquisition Playbook Is Working

Seeking Alpha · 25 Aug 2026positive

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 Q2 Earnings Call Highlights

MarketBeat · 7 Aug 2026positive

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.

Millicom International Cellular S.A. (TIGO) Q2 2026 Earnings Call Transcript

Seeking Alpha · 6 Aug 2026neutral

Millicom International Cellular S.A. held its Q2 2026 earnings call, the transcript of which was published by Seeking Alpha.

Why it matters — The earnings call transcript provides TIGO investors with management's commentary on the company's second-quarter performance and outlook.

Millicom International Cellular SA (TIGO) Beats Q2 Earnings and Revenue Estimates

Zacks Investment Research · 6 Aug 2026positive

Millicom International Cellular (TIGO) reported Q2 earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.54 per share and up from $0.51 per share a year ago, according to Zacks Investment Research.

Why it matters — A TIGO watcher would care because the company's quarterly earnings came in above Wall Street analyst expectations and improved year over year.

Millicom (Tigo) raises 2026 Financial Guidance and declares $1.50 per share interim dividend

GlobeNewsWire · 6 Aug 2026positive

Millicom (Tigo) announced it is raising its 2026 Equity Free Cash Flow target, reducing its year-end leverage target, and declaring a $1.50 per share interim dividend. The announcement was made on August 6, 2026, from Luxembourg.

Why it matters — TIGO watchers would note that the company is signaling stronger cash flow expectations and returning capital to shareholders through a dividend.

FAQ

Frequently asked questions about TIGO stock

What is the TIGO stock price forecast for 2026-2027?

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.

Is TIGO stock a buy right now?

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 82 out of 100 across roughly 4,600 US stocks as at 2 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank TIGO?

As at 2 Sept 2026, Millicom International Cellular SA ranks 82 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 Momentum (98 of 100).

Will TIGO stock go up?

No one can know that. What the data says: the median 12-month target from 8 analysts implies +1.7% from the last close, and Ticker Nerd's factor model ranks Millicom International Cellular SA 82 out of 100 as at 2 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the TIGO stock forecast for 2030?

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.

How has TIGO stock performed over the past year?

Millicom International Cellular SA returned +108.2% over the 12 months to 3 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Millicom International Cellular SA do?

Millicom International Cellular S.A. is a Luxembourg-based telecommunications and digital services company operating primarily in Latin America under the Tigo brand.

What is the latest news on TIGO?

The most recent item we track (Seeking Alpha, 25 Aug 2026): "Millicom: The Acquisition Playbook Is Working". 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.

Company

About Millicom International Cellular SA.

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