Millicom International Cellular (TIGO) Stock Forecast & Price Target

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$20.08

+0.08 (+0.40%)

(As of 04/19/2024 ET)

Millicom International Cellular Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

$24.70
23.01% Upside

High Forecast	$26.10
Average Forecast	$24.70
Low Forecast	$24.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$24.70	$24.20	$17.63	$18.83
Predicted Upside	23.01% Upside	35.45% Upside	14.61% Upside	17.25% Upside

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TIGO Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TIGO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Millicom International Cellular Stock vs. The Competition

Type	Millicom International Cellular	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.83	2.58	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	23.69% Upside	112.47% Upside	12.32% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$22.50 ➝ $24.00	+17.82%
3/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight
2/29/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$20.00 ➝ $24.00	+32.60%
2/28/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$18.00 ➝ $26.10	+44.04%
1/5/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
5/30/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:05 PM ET.

TIGO Price Target - Frequently Asked Questions

What is Millicom International Cellular's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for Millicom International Cellular stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for TIGO. The average twelve-month price prediction for Millicom International Cellular is $24.70 with a high price target of $26.10 and a low price target of $24.00. Learn more on TIGO's analyst rating history.
Do Wall Street analysts like Millicom International Cellular more than its competitors?: Analysts like Millicom International Cellular more than other Computer and Technology companies. The consensus rating score for Millicom International Cellular is 2.83 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how TIGO compares to other companies.
Is Millicom International Cellular being upgraded by Wall Street analysts?: Over the previous 90 days, Millicom International Cellular's stock had 3 upgrades by analysts.

Does Millicom International Cellular's stock price have much upside?: According to analysts, Millicom International Cellular's stock has a predicted upside of 30.94% based on their 12-month stock forecasts.
What analysts cover Millicom International Cellular?: Millicom International Cellular has been rated by HSBC, JPMorgan Chase & Co., New Street Research, and Scotiabank in the past 90 days.

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This page (NASDAQ:TIGO) was last updated on 4/19/2024 by MarketBeat.com Staff

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Millicom International Cellular (TIGO) Stock Forecast & Price Target

Millicom International Cellular Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

TIGO Analyst Ratings By Month

TIGO Price Targets by Month

Millicom International Cellular Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

TIGO Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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