Millicom International Cellular S.A. (TIGO)
NASDAQ: TIGO · IEX Real-Time Price · USD
24.59
-0.31 (-1.24%)
At close: Jul 19, 2024, 4:30 PM
24.68
+0.09 (0.37%)
Pre-market: Jul 22, 2024, 7:13 AM EDT
TIGO Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for TIGO stock have an average target of 21.67, with a low estimate of 17 and a high estimate of 30. The average target predicts a decrease of -11.87% from the current stock price of 24.59.
Analyst Consensus: Hold
* Price targets were last updated on Jun 21, 2024.
Analyst Ratings
The average analyst rating for TIGO stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HSBC | HSBC | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Jul 2, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $27 → $30 | Buy | Maintains | $27 → $30 | +22.00% | Jun 21, 2024 |
| HSBC | HSBC | Strong Buy Maintains $23 → $24 | Strong Buy | Maintains | $23 → $24 | -2.40% | Apr 11, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Mar 28, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $18 → $26 | Buy | Maintains | $18 → $26 | +6.14% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
5.94B
from 5.66B
Increased by 4.89%
Revenue Next Year
6.10B
from 5.94B
Increased by 2.64%
EPS This Year
1.92
from -0.48
EPS Next Year
2.43
from 1.92
Increased by 26.69%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.2B | 6.4B | 6.6B | 6.8B | 7.0B |
| Avg | 5.9B | 6.1B | 6.2B | 6.6B | 6.8B |
| Low | 5.5B | 5.7B | 5.8B | 6.3B | 6.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.2% | 7.8% | 8.0% | 9.2% | 6.7% |
| Avg | 4.9% | 2.6% | 2.1% | 6.1% | 3.7% |
| Low | -2.6% | -4.5% | -5.6% | 1.9% | -0.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.72 | 3.01 | 3.44 | 3.50 | 3.79 |
| Avg | 1.92 | 2.43 | 2.82 | 3.40 | 3.68 |
| Low | 1.23 | 1.86 | 1.96 | 3.26 | 3.54 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 56.8% | 41.3% | 24.0% | 11.6% |
| Avg | - | 26.7% | 15.9% | 20.5% | 8.4% |
| Low | - | -3.0% | -19.4% | 15.7% | 4.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.