Millicom International Cellular (NASDAQ:TIGO) Cut to Neutral at UBS Group

Posted by George Bondi on May 26th, 2026

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They presently have a $90.00 price target on the technology company’s stock. UBS Group’s target price suggests a potential upside of 4.85% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Morgan Stanley reiterated a “positive” rating and issued a $55.00 target price on shares of Millicom International Cellular in a report on Thursday, February 26th. Zacks Research upgraded Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. lifted their target price on Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.04.

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Millicom International Cellular Stock Performance

TIGO opened at $85.84 on Tuesday. Millicom International Cellular has a twelve month low of $35.49 and a twelve month high of $86.93. The company has a 50-day simple moving average of $79.91 and a 200 day simple moving average of $65.92. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 11.66 and a beta of 0.93.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Analysts predict that Millicom International Cellular will post 3.27 EPS for the current fiscal year.

Institutional Trading of Millicom International Cellular

A number of institutional investors have recently added to or reduced their stakes in TIGO. Royal Bank of Canada increased its stake in Millicom International Cellular by 48.1% in the 1st quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock worth $1,398,000 after acquiring an additional 14,990 shares during the last quarter. AQR Capital Management LLC increased its stake in Millicom International Cellular by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock worth $290,000 after acquiring an additional 453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Millicom International Cellular in the 1st quarter worth about $2,188,000. Goldman Sachs Group Inc. bought a new position in Millicom International Cellular in the 1st quarter worth about $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Millicom International Cellular in the 1st quarter worth about $8,504,000.

About Millicom International Cellular

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Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.