Saudi Central Bank Acquires New Holdings in Millicom International Cellular SA $TIGO

Posted by Francis Steltz on Sep 6th, 2026

Saudi Central Bank bought a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 77,282 shares of the technology company’s stock, valued at approximately $7,014,000.

Several other hedge funds have also recently bought and sold shares of TIGO. JPMorgan Chase & Co. lifted its position in shares of Millicom International Cellular by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,713,607 shares of the technology company’s stock worth $372,202,000 after purchasing an additional 253,891 shares in the last quarter. State Street Corp increased its stake in Millicom International Cellular by 14.9% in the 4th quarter. State Street Corp now owns 2,279,268 shares of the technology company’s stock valued at $126,364,000 after buying an additional 296,319 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Millicom International Cellular during the 1st quarter worth about $50,664,000. Boston Partners lifted its position in Millicom International Cellular by 2.7% during the 4th quarter. Boston Partners now owns 1,603,730 shares of the technology company’s stock worth $88,911,000 after buying an additional 41,765 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Millicom International Cellular by 128.2% during the 3rd quarter. Northern Trust Corp now owns 1,271,086 shares of the technology company’s stock worth $61,699,000 after buying an additional 714,158 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TIGO shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $105.00 price target (up from $100.00) on shares of Millicom International Cellular in a research report on Tuesday, August 18th. Scotiabank boosted their price target 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 cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded Millicom International Cellular from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, UBS Group boosted their target price 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. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of “Hold” and an average price target of $85.68.

Get Our Latest Stock Report on TIGO

Millicom International Cellular Stock Down 1.1%

TIGO stock opened at $94.83 on Friday. Millicom International Cellular SA has a 1-year low of $44.88 and a 1-year high of $107.13. The business’s 50 day simple moving average is $94.62 and its 200 day simple moving average is $84.83. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $16.03 billion, a PE ratio of 23.95 and a beta of 0.92.

Millicom International Cellular Company Profile

(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.