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Millicom International Cellular (TIGO) Stock Forecast & Price Target

$24.09
+0.34 (+1.43%)
(As of 05/24/2024 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

Consensus Price Target

$24.70
2.53% Upside
High Forecast$26.10
Average Forecast$24.70
Low Forecast$24.00
TypeCurrent Forecast
5/27/23 to 5/26/24
1 Month Ago
4/27/23 to 4/26/24
3 Months Ago
2/26/23 to 2/26/24
1 Year Ago
5/27/22 to 5/27/23
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)
5 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$24.70$17.63$16.33
Forecasted Upside2.53% Upside30.94% Upside14.61% Upside8.41% 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.
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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.
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Millicom International Cellular Stock vs. The Competition

TypeMillicom International CellularComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.83
2.59
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside2.53% Upside191.69% Upside9.92% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/11/2024HSBC
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 Boost TargetBuy ➝ Buy$22.50 ➝ $24.00+17.82%
3/28/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight
2/29/2024New Street Research
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 UpgradeNeutral ➝ Buy$20.00 ➝ $24.00+32.60%
2/28/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$18.00 ➝ $26.10+44.04%
1/5/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
5/30/2023Barclays
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 DowngradeOverweight ➝ Equal Weight
1/17/2023UBS Group
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 UpgradeNeutral ➝ Buy$17.00+18.30%
8/26/2022The Goldman Sachs Group
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 Lower TargetNeutral$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 Sunday at 10:15 AM ET.

TIGO Frequently Asked Questions

What is Millicom International Cellular's stock forecast and purchase recommendation?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Millicom International Cellular is $24.70, with a high forecast of $26.10 and a low forecast of $24.00. The consensus rating for Millicom International Cellular stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for TIGO. 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 2.59. 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 research analysts at 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 5/26/2024 by MarketBeat.com Staff

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