Millicom International Cellular S.A. (TIGO)
NASDAQ: TIGO · IEX Real-Time Price · USD
20.20
-0.08 (-0.39%)
Apr 26, 2024, 3:02 PM EDT - Market open
TIGO Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for TIGO stock have an average target of 21.28, with a low estimate of 17 and a high estimate of 26.1. The average target predicts an increase of 5.35% from the current stock price of 20.20.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for TIGO stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 3 | 3 | 3 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HSBC | HSBC | Strong Buy Maintains $23 → $24 | Strong Buy | Maintains | $23 → $24 | +18.81% | 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 | +29.21% | Feb 28, 2024 |
| HSBC | HSBC | Hold → Strong Buy Upgrades $23 | Hold → Strong Buy | Upgrades | $23 | +11.39% | Feb 28, 2024 |
| HSBC | HSBC | Strong Buy → Hold Downgrades $20 → $17 | Strong Buy → Hold | Downgrades | $20 → $17 | -15.84% | Oct 20, 2023 |
Financial Forecast
Revenue This Year
5.97B
from 5.66B
Increased by 5.53%
Revenue Next Year
6.08B
from 5.97B
Increased by 1.69%
EPS This Year
1.68
from -0.48
EPS Next Year
2.11
from 1.68
Increased by 25.46%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 6.2B | 6.3B | 6.5B | 6.8B |
| Avg | 6.0B | 6.1B | 6.2B | 6.5B |
| Low | 5.7B | 5.8B | 5.9B | 6.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 10.4% | 5.7% | 6.7% | 10.1% |
| Avg | 5.5% | 1.7% | 2.4% | 4.8% |
| Low | 0.1% | -3.7% | -3.0% | -1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.27 | 2.37 | 2.86 | 3.62 |
| Avg | 1.68 | 2.11 | 2.49 | 3.52 |
| Low | 0.95 | 1.60 | 1.91 | 3.38 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 41.3% | 35.6% | 45.4% |
| Avg | - | 25.5% | 18.2% | 41.3% |
| Low | - | -4.9% | -9.3% | 35.7% |
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.