Millicom International Cellular (NASDAQ:TIGO) Sets New 12-Month High – Should You Buy?

Posted by Geri Gentry on Jul 24th, 2026

Millicom International Cellular SA (NASDAQ:TIGO – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $100.47 and last traded at $100.46, with a volume of 130836 shares traded. The stock had previously closed at $98.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TIGO shares. UBS Group increased their target price on shares of Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Zacks Research cut Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. boosted their target price on Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Scotiabank upped their target price on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $79.28.

View Our Latest Analysis on TIGO

Millicom International Cellular Stock Down 1.6%

The stock has a market capitalization of $16.27 billion, a PE ratio of 13.08 and a beta of 0.92. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The business’s fifty day moving average price is $89.54 and its two-hundred day moving average price is $77.44.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last issued its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.99 billion. On average, equities research analysts forecast that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at Millicom International Cellular

In other news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $88.51, for a total value of $4,362,480.88. Following the completion of the transaction, the insider directly owned 165,344 shares in the company, valued at $14,634,597.44. This trade represents a 22.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 50,140 shares of company stock valued at $4,425,461 over the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Millicom International Cellular

A number of institutional investors have recently bought and sold shares of TIGO. PNC Financial Services Group Inc. boosted its holdings in shares of Millicom International Cellular by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 866 shares of the technology company’s stock valued at $65,000 after acquiring an additional 139 shares during the last quarter. EWA LLC lifted its position in Millicom International Cellular by 2.5% during the fourth quarter. EWA LLC now owns 7,025 shares of the technology company’s stock valued at $389,000 after purchasing an additional 169 shares during the period. Altshuler Shaham Ltd lifted its position in Millicom International Cellular by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 633 shares of the technology company’s stock valued at $47,000 after purchasing an additional 170 shares during the period. Vident Advisory LLC boosted its holdings in Millicom International Cellular by 2.3% in the fourth quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock valued at $635,000 after purchasing an additional 254 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after purchasing an additional 269 shares during the period.

Millicom International Cellular Company Profile

(Get Free Report)

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.