Millicom International Cellular (NASDAQ:TIGO) Raised to Hold at Zacks Research

Posted by Geri Gentry on Aug 13th, 2026

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. UBS Group increased their price objective on shares of Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Scotiabank upped their target price on Millicom International Cellular from $52.40 to $60.10 and gave the stock a “sector underperform” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Millicom International Cellular in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.82.

Check Out Our Latest Analysis on Millicom International Cellular

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $96.47 on Tuesday. The company has a market cap of $16.30 billion, a P/E ratio of 24.36 and a beta of 0.91. The business has a 50 day moving average of $92.68 and a two-hundred day moving average of $81.41. Millicom International Cellular has a 52 week low of $43.38 and a 52 week high of $107.13. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 3.07.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Millicom International Cellular had a return on equity of 18.39% and a net margin of 9.19%. As a group, analysts anticipate that Millicom International Cellular will post 1.78 EPS for the current year.

Insider Buying and Selling

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the completion of the transaction, the insider 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 Securities & Exchange Commission, which is available at this link. Insiders sold 50,140 shares of company stock valued at $4,425,461 over the last three months. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Millicom International Cellular

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Millicom International Cellular in the first quarter valued at about $50,664,000. Northwestern Mutual Wealth Management Co. raised its position in Millicom International Cellular by 46,519.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,376 shares of the technology company’s stock valued at $70,042,000 after buying an additional 1,260,666 shares during the last quarter. Tredje AP fonden acquired a new stake in Millicom International Cellular in the 4th quarter valued at approximately $60,459,000. State Street Corp lifted its stake in Millicom International Cellular by 129.2% in the 2nd quarter. State Street Corp now owns 1,820,070 shares of the technology company’s stock valued at $68,198,000 after acquiring an additional 1,026,063 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Millicom International Cellular in the 4th quarter valued at approximately $55,440,000.

About Millicom International Cellular

(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.