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Millicom International Cellular SA has a consensus price target of $51.8 based on the ratings of 8 analysts. The high is $100 issued by JP Morgan on May 20, 2026. The low is $17 issued by HSBC on October 20, 2023. The 3 most-recent analyst ratings were released by Scotiabank, JP Morgan, and Scotiabank on May 27, 2026, May 20, 2026, and March 30, 2026, respectively. With an average price target of $67.87 between Scotiabank, JP Morgan, and Scotiabank, there's an implied -19.87% downside for Millicom International Cellular SA from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Millicom Intl Cellular (NASDAQ:TIGO) was reported by Scotiabank on May 27, 2026. The analyst firm set a price target for $52.40 expecting TIGO to fall to within 12 months (a possible -38.13% downside). 12 analyst firms have reported ratings in the last year.
The latest analyst rating for Millicom Intl Cellular (NASDAQ:TIGO) was provided by Scotiabank, and Millicom Intl Cellular maintained their sector underperform rating.
The last upgrade for Millicom International Cellular SA happened on March 6, 2026 when HSBC raised their price target to $89. HSBC previously had a hold for Millicom International Cellular SA.
The last downgrade for Millicom International Cellular SA happened on February 11, 2026 when Scotiabank changed their price target from $46.8 to $43 for Millicom International Cellular SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Millicom Intl Cellular, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Millicom Intl Cellular was filed on May 27, 2026 so you should expect the next rating to be made available sometime around May 27, 2027.
While ratings are subjective and will change, the latest Millicom Intl Cellular (TIGO) rating was a maintained with a price target of $51.20 to $52.40. The current price Millicom Intl Cellular (TIGO) is trading at is $84.70, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 05/27/2026 | Buy Now | -38.13% | Scotiabank | $51.2 → $52.4 | Maintains | Sector Underperform | Get Alert |
| 05/20/2026 | Buy Now | 18.06% | JP Morgan | $86 → $100 | Maintains | Overweight | Get Alert |
| 03/30/2026 | Buy Now | -39.55% | Scotiabank | $43 → $51.2 | Maintains | Sector Underperform | Get Alert |
| 03/06/2026 | Buy Now | 5.08% | HSBC | → $89 | Upgrade | Hold → Buy | Get Alert |
| 02/11/2026 | Buy Now | -49.23% | Scotiabank | $46.8 → $43 | Downgrade | Sector Perform → Sector Underperform | Get Alert |
| 01/15/2026 | Buy Now | -17.36% | UBS | $49 → $70 | Upgrade | Neutral → Buy | Get Alert |
| 11/17/2025 | Buy Now | -25.62% | JP Morgan | $55 → $63 | Maintains | Overweight | Get Alert |
| 11/07/2025 | Buy Now | -44.75% | Scotiabank | $46.1 → $46.8 | Maintains | Sector Perform | Get Alert |
| 09/11/2025 | Buy Now | -42.15% | UBS | $39.5 → $49 | Downgrade | Buy → Neutral | Get Alert |
| 08/19/2025 | Buy Now | -45.57% | Scotiabank | $37 → $46.1 | Maintains | Sector Perform | Get Alert |
| 08/14/2025 | Buy Now | -35.06% | JP Morgan | $50 → $55 | Maintains | Overweight | Get Alert |
| 06/27/2025 | Buy Now | -70.48% | UBS | $18 → $25 | Maintains | Neutral | Get Alert |
| 06/17/2025 | Buy Now | -56.32% | Scotiabank | → $37 | Downgrade | Sector Outperform → Sector Perform | Get Alert |
| 05/27/2025 | Buy Now | -40.97% | JP Morgan | $41 → $50 | Maintains | Overweight | Get Alert |
| 05/16/2025 | Buy Now | -53.36% | UBS | $31.5 → $39.5 | Maintains | Buy | Get Alert |
| 04/03/2025 | Buy Now | -57.5% | Barclays | $310 → $36 | Maintains | Equal-Weight | Get Alert |
| 04/03/2025 | Buy Now | -51.59% | JP Morgan | $33 → $41 | Maintains | Overweight | Get Alert |
| 02/28/2025 | Buy Now | -55.25% | Scotiabank | $37.3 → $37.9 | Maintains | Sector Outperform | Get Alert |
| 01/29/2025 | Buy Now | -62.22% | Morgan Stanley | → $32 | Initiates | → Equal-Weight | Get Alert |
| 01/16/2025 | Buy Now | -61.04% | JP Morgan | $36 → $33 | Maintains | Overweight | Get Alert |
| 09/20/2024 | Buy Now | -55.96% | Scotiabank | $30 → $37.3 | Upgrade | Sector Perform → Sector Outperform | Get Alert |
| 09/06/2024 | Buy Now | -58.68% | JP Morgan | → $35 | Reinstates | → Overweight | Get Alert |
| 08/15/2024 | Buy Now | -61.04% | UBS | $25 → $33 | Upgrade | Neutral → Buy | Get Alert |
| 08/07/2024 | Buy Now | -64.58% | Scotiabank | $30 → $30 | Downgrade | Sector Outperform → Sector Perform | Get Alert |
| 07/02/2024 | Buy Now | — | HSBC | — | Downgrade | Buy → Hold | Get Alert |
| 06/21/2024 | Buy Now | -64.58% | Scotiabank | $26.8 → $30 | Maintains | Sector Outperform | Get Alert |
| 04/11/2024 | Buy Now | -71.66% | HSBC | $22.5 → $24 | Maintains | Buy | Get Alert |
| 03/28/2024 | Buy Now | — | JP Morgan | — | Upgrade | Neutral → Overweight | Get Alert |
| 02/28/2024 | Buy Now | -69.19% | Scotiabank | $18 → $26.1 | Maintains | Sector Outperform | Get Alert |
| 02/28/2024 | Buy Now | -73.44% | HSBC | → $22.5 | Upgrade | Hold → Buy | Get Alert |
| 10/20/2023 | Buy Now | -79.93% | HSBC | $20 → $17 | Downgrade | Buy → Hold | Get Alert |
| 07/28/2023 | Buy Now | -78.75% | New Street Research | $19 → $18 | Downgrade | Buy → Neutral | Get Alert |
| 06/29/2023 | Buy Now | -78.87% | Scotiabank | $20.4 → $17.9 | Maintains | Sector Outperform | Get Alert |