Millicom International Cellular (TIGO) Stock Forecast & Price Target

$24.55

0.00 (0.00%)

(As of 07/26/2024 ET)

Millicom International Cellular - Analysts' Recommendations 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.

Consensus Rating

Moderate Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Millicom International Cellular in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for TIGO.

Consensus Price Target

$27.00
9.98% Upside

High Forecast	$30.00
Average Forecast	$27.00
Low Forecast	$24.00

According to the 6 analysts' twelve-month price targets for Millicom International Cellular, the average price target is $27.00. The highest price target for TIGO is $30.00, while the lowest price target for TIGO is $24.00. The average price target represents a forecasted upside of 9.98% from the current price of $24.55.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$27.00	$27.00	$24.70	$16.98
Forecasted Upside	9.98% Upside	26.32% Upside	30.94% Upside	11.58% Upside

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TIGO Analyst Recommendations 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	2.67	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	9.98% Upside	554.04% Upside	9.18% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/2/2024	Hsbc Global Res 0 of 5 stars	P. Kanumuri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/2/2024	HSBC 2 of 5 stars		Downgrade	Buy ➝ Hold
6/21/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Outperform ➝ Sector Outperform	$26.80 ➝ $30.00	+30.78%
5/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$30.00	+24.53%
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%
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
1/17/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$17.00	+18.30%
8/26/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$29.05 ➝ $18.00	+16.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:08 AM ET.

TIGO Forecast - Frequently Asked Questions

What is Millicom International Cellular's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Millicom International Cellular is $27.00, with a high forecast of $30.00 and a low forecast of $24.00.
Should I buy or sell Millicom International Cellular stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Millicom International Cellular in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TIGO shares.
Does Millicom International Cellular's stock price have much upside?: According to analysts, Millicom International Cellular's stock has a predicted upside of 25.47% based on their 12-month stock forecasts.
Has Millicom International Cellular been downgraded by Wall Street analysts recently?: Over the previous 90 days, Millicom International Cellular's stock had 2 downgrades by analysts.
What analysts cover Millicom International Cellular?: Millicom International Cellular has been rated by research analysts at Hsbc Global Res, HSBC, JPMorgan Chase & Co., and Scotiabank in the past 90 days.
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 2.67 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how TIGO compares to other companies.