TICKERNERD
Menu
TIGOTIGOCommunication Services · Telecom Services

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

Last close, 16 Oct 2026
$83
+0.97% on the day

The 8 Wall Street analysts covering Millicom International Cellular SA hold a median 12-month price target of $95 — +14.0% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 83 of 100 as at 15 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$13.9B
Ticker Nerd rank
83 / 100
Median analyst target
$95
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
+4.3%
1M
−12.5%
YTD
+59.7%
1Y
+90.7%
From 52W high
−19.9%
From 52W low
+93.3%
$43
$103
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 15 Oct 2026
83 / 100

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
Momentum
96
Quality
89
Value
75
Revisions
72
Growth
71
Accruals
50
Issuance
32
Size
12

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.

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$140Jan 26Apr 26Jul 26Oct 26TIGOHigh $132Median $95Low $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 $95High $132

The green dot is the last close — the median target sits +14.0% 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 16 Oct 2026, Millicom International Cellular SA returned +90.7% against +16.8% for the S&P 500, dividends included.

TIGO vs S&P 500, last 12 monthsTotal return, rebased to 100
100150200Jan 26Apr 26Jul 26Oct 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
−13.0%
Analysts raising
2
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
20.9×

Cheaper than 37% of US stocks

Price / sales
1.9×

Cheaper than 53% of US stocks

Price / book
5.7×

Cheaper than 17% of US stocks

EV / EBITDA
8.1×

Cheaper than 45% of US stocks

Growth & margins
Revenue growth (YoY)
59.4%

Higher than 88% 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 82% of US stocks

Return on assets
5.9%

Higher than 81% of US stocks

Dividend yield
7.2%

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.

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 $13.9B and an enterprise value of $25.2B.

  • 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: 20.9×; forward P/E: 11.8× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 7.24%, paying out 76% 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 17 Oct 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$13.9B
83
GSATGlobalstar, Inc.$10.5B
49
CHTRCharter Communications, Inc.$19.4B
42
ECHOEchoStar Corp.$25.0B
59
LUMNLumen Technologies, Inc. (Louisiana)$5.0B
49
IRDMIridium Communications, Inc.$4.8B
83
TDSTelephone & Data Systems, Inc.$3.7B
49

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

3 Wireless Non-US Stocks to Watch Despite Industry Roadblocks

Zacks Investment Research · 15 Oct 2026positive

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.

New Strong Buy Stocks for October 7th

Zacks Investment Research · 7 Oct 2026positive

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.

Best Income Stocks to Buy for October 7th

Zacks Investment Research · 7 Oct 2026positive

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.

5 High-Yield Dividends That Pay You Soon (But You Must Act Now)

24/7 Wall Street · 2 Oct 2026neutral

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: 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.

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 $95, 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 83 out of 100 across roughly 4,600 US stocks as at 15 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank TIGO?

As at 15 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).

Will TIGO stock go up?

No one can know that. What the data says: the median 12-month target from 8 analysts implies +14.0% from the last close, and Ticker Nerd's factor model ranks Millicom International Cellular SA 83 out of 100 as at 15 Oct 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 +90.7% over the 12 months to 16 Oct 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 (Zacks Investment Research, 15 Oct 2026): "3 Wireless Non-US Stocks to Watch Despite Industry Roadblocks". 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.

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