Analyst Price Targets — TIGO
| Date | Analyst | Firm | Target | Price @ Post | Source | Headline |
|---|---|---|---|---|---|---|
| July 14, 2026 1:40 pm | Leonardo Olmos | UBS | $100.00 | $98.44 | TheFly | Millicom price target raised to $100 from $90 at UBS |
| May 27, 2026 3:00 pm | Andres Coello | Scotiabank | $52.40 | $85.46 | TheFly | Millicom price target raised to $52.40 from $51.20 at Scotiabank |
| May 24, 2026 8:33 pm | Leonardo Olmos | UBS | $90.00 | $85.84 | TheFly | Millicom downgraded to Neutral from Buy at UBS |
| March 6, 2026 1:00 pm | Phani Kanumuri | HSBC | $89.00 | $69.47 | StreetInsider | HSBC Upgrades Millicom International Cellular SA (TIGO) to Buy |
| February 26, 2026 12:58 pm | Cesar Medina | Morgan Stanley | $55.00 | $70.84 | StreetInsider | Morgan Stanley on Millicom International Cellular SA (TIGO): 'Accelerating But Watch 2026 Guide' |
| February 11, 2026 1:16 am | — | Scotiabank | $43.00 | $65.69 | TheFly | Millicom downgraded to Underperform from Sector Perform at Scotiabank |
| January 15, 2026 9:41 am | — | UBS | $70.00 | $52.60 | TheFly | Millicom upgraded to Buy from Neutral at UBS |
| May 16, 2025 1:08 pm | Leonardo Olmos | UBS | $39.50 | $36.06 | TheFly | Millicom price target raised to $39.50 from $31.50 at UBS |
| September 20, 2024 7:17 am | Andres Coello | Scotiabank | $37.30 | $27.59 | StreetInsider | Scotiabank Upgrades Millicom International Cellular SA (TIGO) to Sector Outperform |
| August 15, 2024 7:39 am | Leonardo Olmos | UBS | $33.00 | $25.74 | StreetInsider | UBS Upgrades Millicom International Cellular SA (TIGO) to Buy |
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Latest News for TIGO

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…

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…

On May 26, 2026, Millicom International Cellular SA (TIGO) shares fell 3.3% to a current price of $83.00. The stock has experienced a 52-week high of $87.05 and

On May 21, 2026, Millicom International Cellular SA (TIGO) shares rose 3.2%, bringing the current price to $86.81. The stock has experienced a 52-week trading r

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.
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