Millicom International Cellular (TIGO) Stock
Major Latin American telecom and digital services provider. Here's the price, business snapshot, and what's worth knowing about Millicom International Cellular in October 2026.
Millicom International Cellular S.A. (TIGO) is a telecommunications and digital services group, primarily operating across Latin America under the Tigo brand. With a market capitalisation of about $7.75 billion, the company provides mobile voice and data, fixed broadband, pay-TV and a growing range of fintech and enterprise services. Investors watch Millicom for its exposure to rising data consumption, fibre and 4G/5G roll-outs, and the monetisation of digital platforms such as mobile money. At the same time, the stock carries typical emerging-market risks: currency volatility, regulatory change, competitive pressure from regional and global carriers, and macroeconomic sensitivity in its markets. Financial metrics to consider include subscriber trends, ARPU (average revenue per user), capital expenditure for network upgrades, and leverage. This summary is educational only and not personalised advice; values can fall as well as rise and prospective investors should assess suitability against their goals and risk appetite.
Millicom International Cellular (TIGO) Stock Forecast
Analyst price target, next 12 months
$62.75
-19.9% vs today's $78.34
Price range over the last 12 months
In the middle of its 12-month range
Analysts covering Millicom International Cellular have a consensus 12-month target of $62.75, below the current price of $78.34.
Analyst targets are opinions, not guarantees. Capital at risk. Data as of 26 Oct 2026.
Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding Millicom's stock, expecting it might decrease in value slightly.
Financial Health
Millicom is generating strong revenue and cash flow, indicating healthy financial performance.
Dividend
Millicom's dividend yield of 5.43% indicates it offers a good return for dividend-seeking investors. If you invested $1000, you would be paid $54.30 a year in dividends (based on the last 12 months).
Baskets Featuring TIGO
Best Dividend Stocks: Could Africa Exposure Pay Off?
As economic uncertainty and inflation challenge savings in Nigeria, dividend-paying companies offer a potential source of regular income. This basket provides exposure to US/EU-listed multinational corporations with significant operations or consumer markets across Africa.
Published: 9 September 2025
Explore BasketWhy You’ll Want to Watch This Stock
Subscriber momentum
Rising mobile and broadband customers can support revenue growth, though subscriber ARPU and churn trends matter and can change with competition.
Regional exposure
Focus on Latin American markets offers growth potential from digital adoption, but brings currency and macro risks investors should weigh.
Digital services push
Expansion into mobile money and enterprise solutions could diversify revenues, though execution and regulatory hurdles may affect outcomes.
Why invest with Nemo?
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
