TIGOCommunication Services · Telecom ServicesThe 8 Wall Street analysts covering Millicom International Cellular SA hold a median 12-month price target of $95 — +19.4% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 84 of 100 as at 5 Nov 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
Momentum (96): 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 (13): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ 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 +19.4% 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.
TIGO appears in the Radar on the weeks it earns a place.
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Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 5 Nov 2026, Millicom International Cellular SA returned +83.7% against +9.3% 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 38% of US stocks
Cheaper than 54% of US stocks
Cheaper than 17% of US stocks
Cheaper than 45% of US stocks
Higher than 88% 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 82% 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 $12.9B and an enterprise value of $24.3B.
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: 19.4×; forward P/E: 10.9× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 7.79%, 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 →
Seeking Alpha published a transcript of Millicom International Cellular S.A.’s Q3 2026 earnings call. The excerpt provides no details about the call’s discussion or results.
Why it matters — The transcript may be relevant to TIGO watchers seeking management’s commentary, but the supplied text gives no specifics to assess.
Millicom International Cellular SA reported quarterly earnings of $0.58 per share, below the Zacks Consensus Estimate of $1.08. Earnings were $0.34 per share in the year-ago quarter.
Why it matters — TIGO watchers may note that earnings missed the consensus estimate, although per-share earnings were higher than a year earlier.
Millicom reported Q3 2026 revenue of $2.28 billion, operating profit of $600 million, adjusted EBITDA of $1.09 billion, net profit attributable to owners of $98 million, and equity free cash flow of $316 million. It also reported leverage of 2.53x and described its May-to-May dividend cycle, including increased January and April 2027 payments.
Why it matters — The release gives TIGO watchers an update on quarterly financial performance, leverage, and the company’s announced dividend payments.
Millicom said it expects to release its third-quarter 2026 results on November 5, 2026. It plans to hold a video conference for the global financial community that day at 08:00 New York time, 14:00 Luxembourg time, and 13:00 London time.
Why it matters — TIGO watchers can note when the company plans to report its quarterly results and host its investor conference.
Zacks says fast-track 5G rollout and solid wireless traction could support the Wireless Non-US industry despite short-term headwinds, and identifies TIGO alongside KDDIY and SFTBY as positioned to benefit from demand for seamless connectivity solutions.
Why it matters — The item cites TIGO as one of three companies positioned to capitalize on demand for connectivity solutions amid industry headwinds.
The 8 Wall Street analysts covering Millicom International Cellular SA have a median 12-month price target of $95, 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, 2 rate it a Buy, 5 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Millicom International Cellular SA 84 out of 100 across roughly 4,600 US stocks as at 5 Nov 2026. None of this is personal advice — it does not consider your circumstances.
As at 5 Nov 2026, Millicom International Cellular SA ranks 84 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 (96 of 100).
No one can know that. What the data says: the median 12-month target from 8 analysts implies +19.4% from the last close, and Ticker Nerd's factor model ranks Millicom International Cellular SA 84 out of 100 as at 5 Nov 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 +83.7% over the 12 months to 5 Nov 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 (Seeking Alpha, 5 Nov 2026): "Millicom International Cellular S.A. (TIGO) Q3 2026 Earnings Call Transcript". Seeking Alpha published a transcript of Millicom International Cellular S.A.’s Q3 2026 earnings call. The excerpt provides no details about the call’s discussion or results.
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
