Millicom Cellular (TIGO) Stock Forecast, Price Target & Predictions
TIGO Stock Forecast
Millicom Cellular stock forecast is as follows: an average price target of $35.15 (represents a 31.94% upside from TIGO’s last price of $26.64) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
TIGO Price Target
The average price target for Millicom Cellular (TIGO) is $35.15 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $37.30 to $33.00. This represents a potential 31.94% upside from TIGO's last price of $26.64.
TIGO Analyst Ratings
According to 4 Wall Street analysts, Millicom Cellular's rating consensus is 'Buy'. The analyst rating breakdown for TIGO stock is 0 'Strong Buy' (0.00%), 2 'Buy' (50.00%), 2 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Millicom Cellular Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 20, 2024 | Andres Coello | Scotiabank | $37.30 | $27.59 | 35.19% | 40.02% |
| Aug 15, 2024 | Leonardo Olmos | UBS | $33.00 | $25.74 | 28.21% | 23.87% |
| Jun 21, 2024 | Andres Coello | Scotiabank | $30.00 | $22.94 | 30.78% | 12.61% |
The latest Millicom Cellular stock forecast, released on Sep 20, 2024 by Andres Coello from Scotiabank, set a price target of $37.30, which represents a 35.19% increase from the stock price at the time of the forecast ($27.59), and a 40.02% increase from TIGO last price ($26.64).
Millicom Cellular Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $35.15 | $33.43 |
| Last Closing Price | $26.64 | $26.64 | $26.64 |
| Upside/Downside | -100.00% | 31.94% | 25.49% |
In the current month, the average price target of Millicom Cellular stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Millicom Cellular's last price of $26.64. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 20, 2024 | Scotiabank | Sector Perform | Outperform | Upgrade |
| Sep 06, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Aug 26, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Aug 15, 2024 | UBS | - | Buy | Upgrade |
| Aug 06, 2024 | Scotiabank | Sector Outperform | Sector Perform | Downgrade |
| Jul 02, 2024 | HSBC | Buy | Hold | Downgrade |
| Jun 21, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Jun 21, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Feb 28, 2024 | New Street | - | Buy | Upgrade |
| May 12, 2023 | HSBC | Hold | Buy | Upgrade |
Millicom Cellular's last stock rating was published by Scotiabank on Sep 20, 2024. The company Upgrade its TIGO rating from "Sector Perform" to "Outperform".
Millicom Cellular Financial Forecast
Millicom Cellular Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.37B | $1.38B | $1.39B | $1.45B | $1.41B | $1.35B | $1.09B | - | - | $1.09B | $1.03B | - | - | $1.15B | $1.10B |
| Avg Forecast | $1.69B | $1.59B | $1.56B | $1.60B | $1.56B | $1.49B | $1.47B | $1.48B | $1.48B | $1.46B | $1.48B | $1.46B | $1.45B | $1.43B | $1.41B | $1.38B | $1.42B | $1.43B | $1.46B | $1.52B | $1.64B | $1.64B | $1.61B | $1.61B | $1.61B | $1.49B | $1.43B | $1.59B | $1.63B | $1.60B |
| High Forecast | $1.72B | $1.62B | $1.59B | $1.62B | $1.58B | $1.51B | $1.50B | $1.51B | $1.51B | $1.46B | $1.48B | $1.46B | $1.47B | $1.43B | $1.44B | $1.41B | $1.44B | $1.43B | $1.46B | $1.52B | $1.64B | $1.64B | $1.61B | $1.61B | $1.61B | $1.49B | $1.43B | $1.59B | $1.63B | $1.60B |
| Low Forecast | $1.66B | $1.57B | $1.54B | $1.57B | $1.54B | $1.46B | $1.45B | $1.46B | $1.46B | $1.45B | $1.48B | $1.46B | $1.43B | $1.43B | $1.39B | $1.36B | $1.40B | $1.43B | $1.46B | $1.52B | $1.64B | $1.64B | $1.61B | $1.61B | $1.61B | $1.49B | $1.43B | $1.59B | $1.63B | $1.60B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.97% | 0.97% | 0.99% | 0.92% | 0.82% | 0.67% | - | - | 0.68% | 0.69% | - | - | 0.70% | 0.68% |
Millicom Cellular's average Quarter revenue forecast for Jun 23 based on 1 analysts is $1.41B, with a low forecast of $1.39B, and a high forecast of $1.44B. TIGO's average Quarter revenue forecast represents a 3.21% increase compared to the company's last Quarter revenue of $1.37B (Mar 23).
Millicom Cellular EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $497.00M | $566.00M | $519.00M | $569.00M | $587.00M | $1.20B | $415.00M | - | - | $439.00M | $393.00M | - | - | $691.00M | $312.00M |
| Avg Forecast | $665.50M | $627.11M | $616.02M | $629.07M | $613.85M | $585.19M | $579.93M | $584.38M | $583.83M | $573.46M | $581.73M | $574.64M | $569.83M | $563.82M | $556.28M | $545.14M | $558.17M | $545.17M | $559.30M | $582.48M | $627.82M | $703.57M | $617.14M | $614.66M | $614.71M | $167.34M | $545.68M | $609.24M | $623.60M | $613.10M |
| High Forecast | $676.35M | $637.34M | $626.07M | $639.32M | $623.86M | $594.73M | $589.38M | $593.91M | $593.35M | $574.48M | $581.73M | $574.64M | $577.32M | $563.82M | $565.35M | $554.03M | $567.27M | $545.17M | $559.30M | $582.48M | $627.82M | $844.28M | $617.14M | $614.66M | $614.71M | $200.81M | $545.68M | $609.24M | $623.60M | $613.10M |
| Low Forecast | $655.46M | $617.66M | $606.73M | $619.58M | $604.60M | $576.37M | $571.18M | $575.56M | $575.02M | $572.43M | $581.73M | $574.64M | $564.70M | $563.82M | $547.89M | $536.92M | $549.75M | $545.17M | $559.30M | $582.48M | $627.82M | $562.86M | $617.14M | $614.66M | $614.71M | $133.87M | $545.68M | $609.24M | $623.60M | $613.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.01% | 0.95% | 1.02% | 1.01% | 1.91% | 0.59% | - | - | 0.71% | 2.35% | - | - | 1.11% | 0.51% |
1 analysts predict TIGO's average Quarter EBITDA for Jun 23 to be $556.28M, with a high of $565.35M and a low of $547.89M. This is 11.93% upper than Millicom Cellular's previous annual EBITDA (Mar 23) of $497.00M.
Millicom Cellular Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-20.00M | $42.00M | $-49.00M | $-7.00M | $23.00M | $623.00M | $5.00M | - | - | $-56.00M | $-51.00M | - | - | $219.00M | $-130.00M |
| Avg Forecast | $188.93M | $136.47M | $131.58M | $117.55M | $183.56M | $140.33M | $129.58M | $131.33M | $106.73M | $98.72M | $111.58M | $76.94M | $76.08M | $32.52M | $32.51M | $55.59M | $75.13M | $78.03M | $46.72M | $70.22M | $76.37M | $8.48M | $56.58M | $19.09M | $11.17M | $-21.72M | $-337.16K | $16.83M | $57.98M | $-709.31M |
| High Forecast | $192.94M | $139.37M | $134.37M | $120.04M | $187.45M | $143.31M | $132.32M | $134.11M | $108.99M | $100.82M | $111.62M | $78.57M | $77.69M | $33.21M | $33.20M | $56.77M | $76.72M | $78.03M | $46.72M | $70.22M | $76.37M | $10.17M | $56.58M | $19.09M | $11.17M | $-17.37M | $-337.16K | $16.83M | $57.98M | $-567.45M |
| Low Forecast | $185.23M | $133.80M | $129.00M | $115.25M | $179.97M | $137.58M | $127.04M | $128.75M | $104.63M | $96.79M | $111.55M | $75.43M | $74.59M | $31.88M | $31.87M | $54.50M | $73.65M | $78.03M | $46.72M | $70.22M | $76.37M | $6.78M | $56.58M | $19.09M | $11.17M | $-26.06M | $-337.16K | $16.83M | $57.98M | $-851.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.36% | 0.56% | -0.63% | -0.15% | 0.33% | 8.16% | 0.59% | - | - | -5.01% | 2.35% | - | - | 3.78% | 0.18% |
Millicom Cellular's average Quarter net income forecast for Mar 23 is $55.59M, with a range of $54.50M to $56.77M. TIGO's average Quarter net income forecast represents a 32.35% increase compared to the company's last Quarter net income of $42.00M (Dec 22).
Millicom Cellular SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $363.32M | $342.36M | $336.31M | $343.43M | $335.13M | $319.48M | $316.60M | $319.03M | $318.73M | $313.07M | $317.59M | $313.72M | $311.09M | $307.81M | $303.69M | $297.61M | $304.72M | $306.46M | $314.41M | $327.43M | $352.92M | $352.34M | $346.92M | $345.52M | $345.55M | $320.15M | $306.75M | $342.48M | $350.55M | $344.65M |
| High Forecast | $369.24M | $347.95M | $341.79M | $349.03M | $340.59M | $324.69M | $321.77M | $324.23M | $323.93M | $313.63M | $317.59M | $313.72M | $315.18M | $307.81M | $308.65M | $302.46M | $309.69M | $306.46M | $314.41M | $327.43M | $352.92M | $352.34M | $346.92M | $345.52M | $345.55M | $320.15M | $306.75M | $342.48M | $350.55M | $344.65M |
| Low Forecast | $357.84M | $337.20M | $331.24M | $338.25M | $330.07M | $314.66M | $311.83M | $314.22M | $313.93M | $312.51M | $317.59M | $313.72M | $308.29M | $307.81M | $299.11M | $293.12M | $300.13M | $306.46M | $314.41M | $327.43M | $352.92M | $352.34M | $346.92M | $345.52M | $345.55M | $320.15M | $306.75M | $342.48M | $350.55M | $344.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Millicom Cellular's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to TIGO last annual SG&A of $NaN (undefined).
Millicom Cellular EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 6 | 6 | 3 | 3 | 3 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.12 | $0.25 | $-0.29 | $-0.06 | $0.18 | $6.21 | $0.05 | - | - | $-0.55 | $-0.50 | - | - | $2.20 | $-1.29 |
| Avg Forecast | $1.09 | $0.79 | $0.76 | $0.68 | $1.06 | $0.81 | $0.75 | $0.76 | $0.62 | $0.57 | $0.65 | $0.45 | $0.44 | $0.19 | $0.19 | $0.32 | $0.43 | $0.45 | $0.27 | $0.41 | $0.44 | $0.23 | $0.33 | $0.11 | $0.06 | $-0.26 | $-0.00 | $0.10 | $0.34 | $0.18 |
| High Forecast | $1.12 | $0.81 | $0.78 | $0.69 | $1.08 | $0.83 | $0.77 | $0.78 | $0.63 | $0.58 | $0.65 | $0.45 | $0.45 | $0.19 | $0.19 | $0.33 | $0.44 | $0.45 | $0.27 | $0.41 | $0.44 | $0.23 | $0.33 | $0.11 | $0.06 | $-0.26 | $-0.00 | $0.10 | $0.34 | $0.18 |
| Low Forecast | $1.07 | $0.77 | $0.75 | $0.67 | $1.04 | $0.80 | $0.73 | $0.74 | $0.61 | $0.56 | $0.65 | $0.44 | $0.43 | $0.18 | $0.18 | $0.32 | $0.43 | $0.45 | $0.27 | $0.41 | $0.44 | $0.23 | $0.33 | $0.11 | $0.06 | $-0.26 | $-0.00 | $0.10 | $0.34 | $0.18 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.37% | 0.58% | -0.64% | -0.23% | 0.44% | 14.06% | 0.22% | - | - | -8.52% | 1.93% | - | - | 6.56% | -7.35% |
According to 1 Wall Street analysts, Millicom Cellular's projected average Quarter EPS for Mar 23 is $0.32, with a low estimate of $0.32 and a high estimate of $0.33. This represents a 28.60% increase compared to TIGO previous annual EPS of $0.25 (Dec 22).
Millicom Cellular Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LBTYA | Liberty Global | $12.45 | $28.46 | 128.59% | Buy |
| ATNI | ATN | $19.34 | $40.00 | 106.83% | Strong Buy |
| SHEN | Shenandoah Telecommunications Company | $13.10 | $25.00 | 90.84% | Hold |
| LBRDA | Liberty Broadband | $89.29 | $158.00 | 76.95% | Buy |
| TIGO | Millicom Cellular | $26.64 | $35.15 | 31.94% | Buy |
| CHTR | Charter Communications | $394.25 | $520.08 | 31.92% | Buy |
| TIMB | TIM | $14.24 | $18.15 | 27.46% | Buy |
| LILA | Liberty Latin America | $6.53 | $8.00 | 22.51% | Hold |
| VIV | Telefônica Brasil | $8.93 | $10.70 | 19.82% | Hold |
| CCOI | Cogent Communications | $77.81 | $77.50 | -0.40% | Buy |
| TDS | Telephone and Data Systems | $30.63 | $27.67 | -9.66% | Buy |