# Millicom (TIGO) — Analyst Forecast

TIGO · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/tigo/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Hold | 2 | 5 | 1 | 8 |

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Aug 18, 2026 | JP Morgan | Downgraded | Overweight → Neutral | $105.00 |
| Aug 7, 2026 | Scotiabank | Maintained | Sector Underperform | $60.10 |
| Jul 14, 2026 | UBS | Maintained | Neutral | $100.00 |
| May 27, 2026 | Scotiabank | Maintained | Sector Underperform | $52.40 |
| May 20, 2026 | JP Morgan | Maintained | Overweight | $100.00 |
| Mar 30, 2026 | Scotiabank | Maintained | Sector Underperform | $51.20 |
| Mar 6, 2026 | HSBC | Upgraded | Hold → Buy | $89.00 |
| Feb 11, 2026 | Scotiabank | Downgraded | Sector Perform → Sector Underperform | $43.00 |
| Jan 15, 2026 | UBS | Upgraded | Neutral → Buy | $70.00 |
| Nov 17, 2025 | JP Morgan | Maintained | Overweight | $63.00 |
| Nov 7, 2025 | Scotiabank | Maintained | Sector Perform | $46.80 |
| Sep 11, 2025 | UBS | Downgraded | Buy → Neutral | $49.00 |
| Aug 19, 2025 | Scotiabank | Maintained | Sector Perform | $46.10 |
| Aug 14, 2025 | JP Morgan | Maintained | Overweight | $55.00 |
| Jun 17, 2025 | Scotiabank | Downgraded | Sector Outperform → Sector Perform | $37.00 |
| May 27, 2025 | JP Morgan | Maintained | Overweight | $50.00 |
| May 16, 2025 | UBS | Maintained | Buy | $39.50 |
| Apr 3, 2025 | JP Morgan | Maintained | Overweight | $41.00 |
| Apr 3, 2025 | Barclays | Maintained | Equal-Weight | $36.00 |
| Feb 28, 2025 | Scotiabank | Maintained | Sector Outperform | $37.90 |

## Frequently Asked Questions

### Is TIGO a buy, sell, or hold?

Analysts covering Millicom currently average a Hold rating: 2 buy, 5 hold and 1 sell, from 8 analysts. Ratings reflect analyst opinion, not investment advice.

### What is the latest analyst rating on TIGO?

On Aug 18, 2026, JP Morgan downgraded Millicom to Neutral with a price target of $105.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).