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Millicom International Cellular - TIGO Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $38.08
  • Forecasted Upside: -4.31%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 3 Buy Ratings
  • 1 Strong Buy Ratings
$39.80 As of 07/16/2025 05:00 PM ET
▲ +0.91 (2.34%)

This chart shows the closing price for TIGO by one month, three months, or twelve months.

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Analyst Price Target for TIGO

Analyst Price Target is $38.08
▼ -4.31% Downside Potential
This price target is based on 7 analysts offering 12 month price targets for Millicom International Cellular in the last 3 months. The average price target is $38.08, with a high forecast of $50.00 and a low forecast of $32.00. The average price target represents a -4.31% upside from the last price of $39.80.

This chart shows the closing price for TIGO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 7 investment analysts is to moderate buy stock in Millicom International Cellular. This rating has held steady since March 2025, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
1/23/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/22/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/21/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/19/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/17/2025
  • 1 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/17/2025
  • 1 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/16/2025
  • 1 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/16/2025

Latest Recommendations

  • 1 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/17/2025ScotiabankDowngradeSector Outperform ➝ Sector Perform$37.00
5/27/2025JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$41.00 ➝ $50.00
5/16/2025UBS GroupBoost TargetBuy ➝ Buy$31.50 ➝ $39.50
4/3/2025BarclaysLower TargetEqual Weight ➝ Equal Weight$310.00 ➝ $36.00
4/3/2025JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$33.00 ➝ $41.00
2/28/2025ScotiabankBoost TargetSector Outperform ➝ Sector Outperform$37.30 ➝ $37.90
1/29/2025Morgan StanleyInitiated CoverageEqual Weight$32.00
1/22/2025Hsbc Global ResUpgradeHold ➝ Strong-Buy
1/22/2025HSBCUpgradeHold ➝ Buy$34.00
1/16/2025JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$36.00 ➝ $33.00
9/20/2024ScotiabankUpgradeSector Perform ➝ Sector Outperform$30.00 ➝ $37.30
9/6/2024JPMorgan Chase & Co.Initiated CoverageOverweight$35.00
8/15/2024UBS GroupUpgradeNeutral ➝ Buy$25.00 ➝ $33.00
8/7/2024ScotiabankReiterated RatingSector Outperform ➝ Sector Perform$30.00 ➝ $30.00
7/2/2024Hsbc Global ResDowngradeStrong-Buy ➝ Hold
7/2/2024HSBCDowngradeBuy ➝ Hold
6/21/2024ScotiabankBoost TargetSector Outperform ➝ Sector Outperform$26.80 ➝ $30.00
5/28/2024JPMorgan Chase & Co.Initiated CoverageOverweight$30.00
4/11/2024HSBCBoost TargetBuy ➝ Buy$22.50 ➝ $24.00
3/28/2024JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight
2/29/2024New Street ResearchUpgradeNeutral ➝ Buy$20.00 ➝ $24.00
2/28/2024ScotiabankBoost TargetSector Outperform ➝ Sector Outperform$18.00 ➝ $26.10
2/28/2024HSBCUpgradeHold ➝ Buy$22.50
1/5/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight
10/20/2023HSBCReiterated RatingBuy ➝ Hold$20.00 ➝ $17.00
7/28/2023New Street ResearchDowngradeBuy ➝ Neutral$19.00 ➝ $18.00
6/29/2023ScotiabankLower Target$20.40 ➝ $17.90
5/30/2023BarclaysDowngradeOverweight ➝ Equal Weight
3/16/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral
1/17/2023UBS GroupUpgradeNeutral ➝ Buy$17.00
11/14/2022HSBCUpgradeReduce ➝ Hold
8/29/2022UBS GroupInitiated CoverageNeutral$16.50
8/26/2022The Goldman Sachs GroupLower TargetNeutral$29.05 ➝ $18.00
8/22/2022HSBCReiterated RatingReduce$14.00
5/19/2022ScotiabankLower Target$36.10 ➝ $26.30
3/31/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight
3/8/2022ScotiabankUpgradeSector Perform ➝ Sector Outperform$35.90 ➝ $32.90
11/16/2021New Street ResearchUpgradeNeutral ➝ Buy$48.00
5/17/2021ScotiabankReiterated RatingOutperform ➝ Sector Perform$44.00
5/11/2021ScotiabankDowngradeSector Outperform ➝ Sector Perform$44.00
4/16/2021Morgan StanleyDowngradeEqual Weight ➝ Underweight
2/12/2021SEB Equity ResearchInitiated CoverageBuy
2/12/2021SEB EquitiesInitiated CoverageBuy
2/2/2021The Goldman Sachs GroupInitiated CoverageNeutral$42.00
10/15/2020BarclaysReiterated RatingOverweight
(Data available from 7/17/2020 forward)

News Sentiment Rating

0.72 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/19/2024
  • 7 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/18/2025
  • 6 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/17/2025
  • 9 very positive mentions
  • 27 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2025
  • 8 very positive mentions
  • 18 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
4/18/2025
  • 7 very positive mentions
  • 18 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/18/2025
  • 15 very positive mentions
  • 14 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/17/2025
  • 7 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/17/2025

Current Sentiment

  • 7 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Millicom International Cellular logo
Millicom International Cellular S.A. provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. The company also operates TIGO Sports for local entertainment; Tigo Money that allows its customers to send and receive money without the need for a bank account; and TIGO ONEtv for pay TV. In addition, it provides fixed services, including broadband and fixed voice; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.
Read More

Today's Range

Now: $39.80
Low: $38.50
High: $40.00

50 Day Range

MA: $36.84
Low: $34.26
High: $39.80

52 Week Range

Now: $39.80
Low: $23.61
High: $40.00

Volume

1,174,711 shs

Average Volume

507,629 shs

Market Capitalization

$6.85 billion

P/E Ratio

19.13

Dividend Yield

7.71%

Beta

1.06

Frequently Asked Questions

What sell-side analysts currently cover shares of Millicom International Cellular?

The following Wall Street sell-side analysts have issued reports on Millicom International Cellular in the last year: Barclays PLC, Hsbc Global Res, HSBC Holdings plc, JPMorgan Chase & Co., Morgan Stanley, Scotiabank, UBS Group AG, and Wall Street Zen.
View the latest analyst ratings for TIGO.

What is the current price target for Millicom International Cellular?

0 Wall Street analysts have set twelve-month price targets for Millicom International Cellular in the last year. Their average twelve-month price target is $38.08, suggesting a possible downside of 4.3%. JPMorgan Chase & Co. has the highest price target set, predicting TIGO will reach $50.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $32.00 for Millicom International Cellular in the next year.
View the latest price targets for TIGO.

What is the current consensus analyst rating for Millicom International Cellular?

Millicom International Cellular currently has 3 hold ratings, 3 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for TIGO.

What other companies compete with Millicom International Cellular?

Other companies that are similar to Millicom International Cellular include Liberty Media Corporation - Liberty Formula One Series C, FOX, TELUS, FOX and BCE. Learn More about companies similar to Millicom International Cellular.

How do I contact Millicom International Cellular's investor relations team?

Millicom International Cellular's physical mailing address is 2 Rue du Fort Bourbon, Luxembourg N4, L-1249. The technology company's listed phone number is (522) 775-9021 and its investor relations email address is [email protected]. The official website for Millicom International Cellular is www.millicom.com. Learn More about contacing Millicom International Cellular investor relations.