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Analyst Price Targets — TIGO

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DateAnalystFirmTargetPrice @ PostSourceHeadline
July 14, 2026 1:40 pmLeonardo OlmosUBS$100.00$98.44TheFly Millicom price target raised to $100 from $90 at UBS
May 27, 2026 3:00 pmAndres CoelloScotiabank$52.40$85.46TheFly Millicom price target raised to $52.40 from $51.20 at Scotiabank
May 24, 2026 8:33 pmLeonardo OlmosUBS$90.00$85.84TheFly Millicom downgraded to Neutral from Buy at UBS
March 6, 2026 1:00 pmPhani KanumuriHSBC$89.00$69.47StreetInsider HSBC Upgrades Millicom International Cellular SA (TIGO) to Buy
February 26, 2026 12:58 pmCesar MedinaMorgan Stanley$55.00$70.84StreetInsider Morgan Stanley on Millicom International Cellular SA (TIGO): 'Accelerating But Watch 2026 Guide'
February 11, 2026 1:16 amScotiabank$43.00$65.69TheFly Millicom downgraded to Underperform from Sector Perform at Scotiabank
January 15, 2026 9:41 amUBS$70.00$52.60TheFly Millicom upgraded to Buy from Neutral at UBS
May 16, 2025 1:08 pmLeonardo OlmosUBS$39.50$36.06TheFly Millicom price target raised to $39.50 from $31.50 at UBS
September 20, 2024 7:17 amAndres CoelloScotiabank$37.30$27.59StreetInsider Scotiabank Upgrades Millicom International Cellular SA (TIGO) to Sector Outperform
August 15, 2024 7:39 amLeonardo OlmosUBS$33.00$25.74StreetInsider UBS Upgrades Millicom International Cellular SA (TIGO) to Buy

Latest News for TIGO

Millicom Cellular: A Rare Telecom Growth Story With A 3% Yield

Millicom Cellular is rated Buy, with strong YTD performance, robust subscriber growth, and improving free cash flow following the Coltel acquisition. TIGO's integration of Coltel boosts scale, with organic growth in postpaid subs, ARPU, and service revenue supporting margin expansion and above-consensus earnings outlook. Leverage stands at 2.8x post-acquisition; TIGO targets $900M equity-free cash flow and 2.5x…

Seeking Alpha • Jun 12, 2026
Millicom: Strong Margins, Higher Expectations

Millicom International Cellular is rated a cautious buy, driven by robust margins, strong equity free cash flow, and disciplined execution on acquisitions. TIGO's EBITDA margin of 43.2% and record $225M quarterly equity free cash flow highlight operational strength, with 2026 free cash flow targeted at $900M. Acquisition integration, especially in Colombia and Chile, is the main catalyst, with early successes in…

Seeking Alpha • Jun 5, 2026
Results of the Millicom (Tigo) AGM held today

Results of the Millicom (Tigo) AGM held today Luxembourg, May 20, 2026 – Millicom International Cellular S.A. (“Millicom ”) held its Annual General Meeting (“AGM”) of shareholders today.

GlobeNewsWire • May 20, 2026

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