Millicom International Cellular SA (NASDAQ:TIGO) Stock Rated “Moderate Buy” by Wall Street Brokerages

Posted by Stanley Muller on Nov 4th, 2026

Shares of Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $85.68.

A number of equities research analysts have recently weighed in on TIGO shares. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Zacks Research upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada set a $105.00 target price on Millicom International Cellular in a research note on Tuesday, August 18th. JPMorgan Chase & Co. cut Millicom International Cellular from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $100.00 to $105.00 in a research report on Tuesday, August 18th. Finally, Scotiabank boosted their price target on Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a research note on Friday, August 7th.

Get Our Latest Stock Analysis on TIGO

Millicom International Cellular Trading Up 0.2%

Shares of Millicom International Cellular stock opened at $77.51 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. Millicom International Cellular has a 12-month low of $44.88 and a 12-month high of $107.13. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 22.43 and a beta of 1.00. The firm’s 50 day simple moving average is $88.27 and its two-hundred day simple moving average is $82.97.

Institutional Trading of Millicom International Cellular

Several large investors have recently made changes to their positions in the business. Cullen Capital Management LLC acquired a new stake in Millicom International Cellular during the second quarter worth about $71,258,000. Bank of New York Mellon Corp acquired a new position in Millicom International Cellular in the second quarter valued at approximately $45,791,000. Renaissance Technologies LLC boosted its position in Millicom International Cellular by 18.9% in the 1st quarter. Renaissance Technologies LLC now owns 549,792 shares of the technology company’s stock worth $41,201,000 after purchasing an additional 87,400 shares in the last quarter. Sei Investments Co. boosted its position in Millicom International Cellular by 31.7% in the 1st quarter. Sei Investments Co. now owns 546,999 shares of the technology company’s stock worth $40,990,000 after purchasing an additional 131,580 shares in the last quarter. Finally, Amundi boosted its position in Millicom International Cellular by 120.8% in the 1st quarter. Amundi now owns 529,936 shares of the technology company’s stock worth $39,713,000 after purchasing an additional 289,913 shares in the last quarter.

About Millicom International Cellular

(Get Free Report)

Millicom International Cellular SA is a telecommunications and digital services company operating under the Tigo brand in Latin America. The company provides mobile voice and data services, fixed broadband, pay television, cable connectivity and other communications services to consumers, businesses and government organizations.

Its consumer offerings include wireless plans, home internet, television and digital entertainment services. Through Tigo Money and related financial technology products, Millicom also provides mobile money, digital payments and other financial services in selected markets.