Millicom International Cellular SA's stock price fell by 10.11%, hitting a 5-day low. This decline occurs in a mixed market environment, with the Nasdaq-100 slightly up by 0.13% while the S&P 500 is down by 0.29%.
The drop in Millicom's stock price is attributed to sector rotation, as investors are shifting their focus away from telecommunications amid broader market fluctuations. The mixed performance of major indices indicates a lack of strong momentum in the market, contributing to the stock's downward movement.
This decline may reflect investor sentiment towards the telecommunications sector, suggesting that Millicom could face challenges in regaining investor confidence unless there are significant positive developments in the near future.
Wall Street analysts forecast TIGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TIGO is 54.90 USD with a low forecast of 46.80 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast TIGO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TIGO is 54.90 USD with a low forecast of 46.80 USD and a high forecast of 63.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 62.220
Low
46.80
Averages
54.90
High
63.00
Current: 62.220
Low
46.80
Averages
54.90
High
63.00
JPMorgan
Marcelo Santos
Overweight
maintain
$55 -> $63
2025-11-17
Reason
JPMorgan
Marcelo Santos
Price Target
$55 -> $63
AI Analysis
2025-11-17
maintain
Overweight
Reason
JPMorgan analyst Marcelo Santos raised the firm's price target on Millicom to $63 from $55 and keeps an Overweight rating on the shares. The firm sees further share upside despite the stock's recent rally. Millicom remains the analyst's top pick in Latin America.
Scotiabank
Sector Perform
maintain
2025-11-07
Reason
Scotiabank
Price Target
2025-11-07
maintain
Sector Perform
Reason
Scotiabank raised the firm's price target on Millicom to $46.80 from $46.10 and keeps a Sector Perform rating on the shares. The firm believes the stock is fairly valued with a "bittersweet" outlook, the analyst tells investors.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for TIGO
Unlock Now
UBS
Buy
to
Neutral
downgrade
$49
2025-09-11
Reason
UBS
Price Target
$49
2025-09-11
downgrade
Buy
to
Neutral
Reason
UBS downgraded Millicom to Neutral from Buy with a price target of $49, up from $39.50.
UBS
Buy
to
Neutral
downgrade
$49
2025-09-11
Reason
UBS
Price Target
$49
2025-09-11
downgrade
Buy
to
Neutral
Reason
UBS downgraded Millicom to Neutral from Buy with a price target of $49, up from $39.50. After years at a discount, Millicom's valuation has caught up with Latin American peers, but it is showing the softest growth outlook among them, the analyst tells investors in a research note. While Millicom is well-positioned in its regions and the potential Colombia deal could be accretive, the market appears to have already priced this in.
About TIGO
Millicom International Cellular SA is a Luxembourg-based international digital telecommunications and media company. The Company provides a wide range of fixed line and mobile communications services, cable and satellite television, mobile financial services and local content, such as music and sports, to both private and business customers. It offers digital services and products through the business brands TIGO which includes TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. The segments include Latin America, which focuses on mobile and cable services; and Africa, which covers mobile services with a focus on business-to-business customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
