Millicom International Cellular (TIGO.US) Price Target 2026/2027: 15% Downside – Overvalued?

105,06
14,46%
Price history for Millicom International Cellular (TIGO.US) – stock price at 105.06 $, August 2026
Millicom International Cellular stock price – price development 2026. Updated Aug 6, 2026.
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Millicom International Cellular Price Target 2026: Analysts See 16% Downside

The average price target for Millicom International Cellular is $88.43. This price target represents the analysts' view of the stock price over the next 12 months. The stock appears overvalued, because the price target is lower than the current price. It is -15,83% above the target, and analysts expect the price to fall over the next 12 months. Even if the stock may be overvalued, price momentum can last longer than expected. That is why it is important to keep an eye on the stock and its momentum on an ongoing basis. WallStreetBuys helps you with the technical analysis and keeps you up to date on the development.

Is Millicom International Cellular overvalued or undervalued?

Millicom International Cellular is currently overvalued with a gap of 15.8% relative to the price target.


The current price is $105.06, which places Millicom International Cellular in the overvalued category. The stock is considered undervalued when the price is below $79.59, and overvalued when the price exceeds $97.27.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Millicom International Cellular, the fair value range lies between $79.59 and $97.27.


See the full price target analysis for Millicom International Cellular →

Analyst Ratings for Millicom International Cellular stock in 2026: Buy

10 analysts cover Millicom International Cellular. There is broad agreement on a positive view — 80% recommend buying. The average price target is $88.43, which is 15.8% below the current price.

Consensus: Buy (4.30/5)
Strong Buy
5 (50%)
Buy
3 (30%)
Hold
2 (20%)
Strong Sell Sell Hold Buy Strong Buy
4.30 out of 5 based on 10 analysts

About Millicom International Cellular – Telecom Services

Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg. Read more about the company

Key Figures for Millicom International Cellular

$ 15,6B Market cap
$ 6,4B Revenue
Telecom Services Industry
12.81 P/E
2.42 P/S
5.10 P/B
USA Listed on exchange

What kind of stock is Millicom International Cellular?

Dividend stock Value stock Momentum stock

Millicom International Cellular is classified as a dividend stock and value stock and momentum stock. This means the stock combines several attractive traits, including a dividend of 3.2%, and strong price momentum.

Score Overview for Millicom International Cellular

💰 Value Score 72/100 (High)
⭐ Quality Score 55/100 (Neutral)
🚀 Momentum Score 90/100 (Very High)
📊 Total Score 72/100

⚠️ 3 red flags identified

Our analysis has identified 3 potential risk factors in Millicom International Cellular that investors should be aware of.

⚠️ High debt: The debt-to-equity ratio is 280% – the company carries considerably more debt than equity, which raises the financial risk.
⚠️ Weak balance sheet (elevated risk): Altman Z2 is 0.70 – the balance sheet is measurably weaker than average. This is a risk signal based on the numbers, not a bankruptcy prediction.
⚠️ Falling earnings: Quarterly earnings have fallen 43% year over year – the company's profitability is under pressure.

📈 Valuation

Millicom International Cellular trades at a P/E ratio of 12.8, which is below the market average and can point to an attractive price. The forward P/E is 19.7. The P/S ratio is 2.4. The P/B ratio is 5.1. The PEG ratio is 0.75 — below 1.0 suggests the stock is cheap relative to its growth rate.

💵 Profitability & Growth

Millicom International Cellular has a profit margin of 19.1% (solid) and an operating margin of 21.8%. Return on equity (ROE) is 37.4% — excellent return on equity. Return on assets (ROA) is 5.8%. The latest quarterly earnings grew -43.0% year over year — falling earnings.

🏦 Financial Health

The Piotroski score is 5 out of 9 — average financial health. Altman Z2 is 0.70 (weak balance sheet — elevated risk). The debt-to-equity ratio (D/E) is 280.1% — high debt, which raises the risk.

🚀 Momentum & Short Interest

Short interest is 5.16% — elevated, some investors are betting on a decline.

Millicom International Cellular Dividend 2026: 3.2% Dividend Yield

Dividend Key Figures for Millicom International Cellular in 2026

Dividend yield
3.18%
Dividend per share
0.75 USD
Payout ratio
1.7%
Low
Avg. annual dividend (3 years)
4.50 USD

When does Millicom International Cellular pay a dividend in 2026?

Latest ex-dividend date (traded without the dividend)
July 8, 2026
Next dividend payment
April 15, 2027
Latest payment date
July 15, 2026

How much does Millicom International Cellular pay in dividends?

Millicom International Cellular pays dividends to its shareholders. The most recently paid dividend was 0.75 USD per share, which corresponds to a dividend yield of 3.18%.

The payout ratio is 1.7%, which is low. This suggests the company prioritizes reinvesting in growth over dividend payments. There is good room to raise the dividend in the future.

Historical Dividend Payments for Millicom International Cellular

We have registered dividend payments for Millicom International Cellular since 2025-01-03. In that period the stock has paid a dividend 7 times, most recently on 2026-07-08. However, the stock does not qualify as a stable or sporadic dividend stock, because the dividend payments have been inconsistent in recent years.

Ex-datePayment dateAmountCurrencyPeriod
2026-07-082026-07-150.75USDUnknown period
2026-04-082026-04-152.00USDUnknown period
2026-01-082026-01-150.75USDUnknown period
2025-10-082025-10-152.00USDUnknown period
2025-07-082025-07-150.75USDUnknown period
2025-04-082025-04-150.75USDUnknown period
2025-01-032025-01-101.00USDUnknown period

Insider Trading in Millicom International Cellular 2026: The Signal Is negative

In 2026, insiders at Millicom International Cellular have made 6 transactions, all of which were sales. On a net basis, insiders took 4,997,016 $ out of the stock. Active insiders include Lesina Karim Antonio, Escalon Salvador, Trevino de Vega Blanca and others. In the short term (last 3 months), the insider signal is negative.

Short-Term Signal (3 months): Negative

Insiders have exclusively sold shares over the last 3 months.

Over the last 3 months: 0 purchases and 6 sales. A net 4,997,016 $ out of the stock.

Long-Term Signal (all transactions): Negative

Insiders have exclusively sold shares in the recent period. This can suggest management sees limited opportunity.

Across the last 6 transactions: 0 purchases and 6 sales. A net 4,997,016 $ out of the stock.

Latest sale: Lesina Karim Antonio sold 42,497 shares at 90 $ each on 2026-06-11.

Who is selling: Lesina Karim Antonio, Escalon Salvador, Trevino de Vega Blanca, Dimovic Justine, CHURCHILL BRUCE and others.

Latest Insider Trades in Millicom International Cellular (2026)

The table shows the last 6 reported insider transactions in Millicom International Cellular. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-06-11 Lesina Karim Antonio Sell 42,497 90 3,824,730
2026-06-01 Escalon Salvador Sell 8,500 89 752,420
2026-05-20 Trevino de Vega Blanca Sell 1,420 74 104,966
2026-05-20 Dimovic Justine Sell 1,420 74 104,966
2026-05-20 CHURCHILL BRUCE Sell 1,420 74 104,966
2026-05-20 Arnal Maria Teresa Sell 1,420 74 104,966

Who is buying and selling Millicom International Cellular shares in 2026?

The following insiders have sold shares: Lesina Karim Antonio, Escalon Salvador, Trevino de Vega Blanca, Dimovic Justine, CHURCHILL BRUCE and others. In total, 4,997,016 $ was sold across 6 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

Millicom International Cellular Short Selling 2026: 5.2% Sold Short

High short interest: 5.2% of the free float
Short % of free float
5.2%
Assessment
High short interest
Short squeeze risk
Moderate
Data source
SEC
Updated daily
The stock has a high share of short selling. Between 5-10% of the freely traded shares are sold short, which suggests some investors are betting on falling prices. Positive surprises can lead to a moderate short squeeze.

What does this mean for you as an investor?
A short interest of 5.2% means that 5.2% of the freely traded shares in Millicom International Cellular have been borrowed and sold by investors betting on falling prices.

The next potential catalyst is the earnings report on 8/6/2026. With a short interest of 5.2%, the report can trigger considerable volatility.

Data is updated daily based on official filings with the SEC.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
5.2%

Millicom International Cellular Earnings – ⚡ Reporting TODAY 8/6/2026

The next earnings date for Millicom International Cellular is not yet available. Check the company's investor calendar for more information.



Technical Analysis of Millicom International Cellular 2026 – Signal: Strong Buy

Overall Technical Signal: Strong Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated August 6, 2026.

Technical analysis of Millicom International Cellular (TIGO.US) – RSI 45, MACD positive (bullish), daily candlestick chart August 2026
Millicom International Cellular technical analysis – candlestick chart with RSI and MACD. Updated Aug 6, 2026.

Trend Analysis of Millicom International Cellular S.A

Millicom International Cellular S.A is in a short-term downtrend. The price of $91.79 is 4.1% below the 20-day average ($95.67). Medium term, the picture is positive: the price is 1.0% above the 50-day average ($90.88). Long term, the stock is 31.6% above the 200-day average ($69.72), which confirms a long-term uptrend.

Golden Cross: The 50-day average (90.88) is above the 200-day average (69.72), which is a classic bullish signal for Millicom International Cellular S.A.

Is Millicom International Cellular S.A overbought or oversold?

Millicom International Cellular S.A has an RSI of 44.8. The stock sits in the lower part of the neutral zone, which points to weak momentum without being oversold.

MACD Analysis for Millicom International Cellular S.A

Daily MACD: MACD is positive (0.672), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is below the signal line (1.502) by 0.830, which suggests the positive momentum is fading – the trend could be turning.

Weekly MACD: MACD5 is positive (9.096), which indicates a broader bullish long-term trend. MACD5 is below the signal line (9.121) by 0.025, which suggests the long-term momentum is fading – the positive trend could come under pressure.

Overall MACD assessment: Both the daily and weekly trend are bullish (MACD positive). However, momentum shows signs of weakening on a daily basis. Watch whether the trend holds.

Risk Profile for Millicom International Cellular S.A

Millicom International Cellular S.A has an annual standard deviation of 37.2%, which classifies the stock as medium risk. The price can swing noticeably when the market moves.

Overall Technical Conclusion for Millicom International Cellular S.A

Trend: Positive. The price trades above SMA50 and SMA200.

MACD trend (zero line): Daily bullish (0.672). Weekly bullish (9.096).

MACD momentum (signal): Daily falling. Weekly falling.

RSI: 44.8 – neutral.

Technical signal: Strong Buy

The price is in an uptrend (above SMA50/SMA200) and MACD is positive on both a daily and weekly basis. Trend and MACD trend confirm each other – the strongest technical buy signal.

Frequently Asked Questions About Millicom International Cellular stock in 2026

Should you buy Millicom International Cellular stock now?
Yes, the technical signal for Millicom International Cellular is currently BUY. Millicom International Cellular trades at $105.06 as of 8/6/2026. The overall technical signal is: Strong Buy. The technical analysis shows the following: MACD is positive (bullish trend) at 0.672 with falling momentum (signal: 1.502); RSI is at 44.8 (neutral zone); the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $88.43 is 15.8% below the current price. The stock is in a broader uptrend (above SMA50/SMA200). This is a technical observation based on current data, not investment advice.
What is the price target for Millicom International Cellular stock?
The average analyst price target for Millicom International Cellular is $88.43. The current price is $105.06, which gives a downside of 15.8%. Based on this, the stock is considered overvalued. The fair value range (±10% of the price target) is between $79.59 and $97.27.
Is Millicom International Cellular a dividend stock?
Yes, Millicom International Cellular is a dividend stock with a dividend yield of 3.18%. The latest dividend was $0.75 per share. The latest ex-dividend date (traded without the dividend) was 7/8/2026. The payout ratio is 1.7%, which is considered sustainable. The next dividend payment is scheduled for 4/15/2027.
When does Millicom International Cellular pay a dividend in 2026?
Millicom International Cellular pays its next dividend on 4/15/2027. The latest dividend was $0.75 per share with an ex-dividend date of 7/8/2026. The dividend yield is 3.18%. The payout ratio of 1.7% points to a sustainable dividend with room to grow.
What is the risk of Millicom International Cellular stock?
Millicom International Cellular is rated as a stock with moderate risk. the annual standard deviation is 37.2%, which classifies the stock as moderate risk.
Is Millicom International Cellular overvalued?
Yes, Millicom International Cellular is considered overvalued based on the analyst price target (15.8% above the price target). Millicom International Cellular has the following valuation ratios: a P/E ratio of 12.8 (moderately valued), a P/S ratio of 2.4, a P/B ratio of 5.1. The analyst price target suggests that the stock is overvalued by 15.8%.
Is Millicom International Cellular overbought?
No, Millicom International Cellular is not overbought. RSI is at 44.8 (neutral zone). The technical indicators show: RSI is at 44.8 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 9.8% above the 20-day average (short-term uptrend). In addition, MACD is positive, but momentum is falling.
When is the next Millicom International Cellular earnings report?
Millicom International Cellular reports earnings TODAY, August 6, 2026! The stock currently trades at $105.06. Watch how the price reacts after the release. With a P/E ratio of 12.8, the market will be watching closely whether earnings meet expectations.
Is Millicom International Cellular shorted?
Yes, Millicom International Cellular is shorted with 5.2% of the free float sold short. This is a high level of short selling, which suggests some investors are betting on falling prices. Positive surprises can lead to a moderate short squeeze. Data is updated daily based on official filings with the SEC.
Are insiders buying Millicom International Cellular stock?
No, insiders are not buying Millicom International Cellular shares – they are net sellers. Over the last 3 months, insiders have made 0 purchases and 6 sales. On a net basis, 4,997,016 $ worth of shares were sold. Across the last 6 reported transactions, the split is 0 purchases and 6 sales, with a net 4,997,016 $ sold. Active sellers include Lesina Karim Antonio, Escalon Salvador, Trevino de Vega Blanca and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is Millicom International Cellular a good stock?
Based on our total score, Millicom International Cellular is rated as a good stock with a total score of 72 out of 100. The stock scores above average on value, quality and momentum – it is among the top 28% in our database. The score is made up of Value: 72/100, Quality: 55/100, Momentum: 90/100. In addition: the price target is 15.8% below the current price; a dividend of 3.18%; technical signal: Strong Buy. Whether Millicom International Cellular is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Millicom International Cellular stock?
The outlook for Millicom International Cellular based on current data: the average analyst price target is $88.43 (-15.8%); the stock is in an uptrend (above SMA50 and SMA200); the next earnings report is due on 8/6/2026, which can move the price; the P/E ratio is 12.8 (low – a possible value stock). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Millicom International Cellular stock rising?
Millicom International Cellular is rising right now. The technical indicators show: the price is 9.8% above the 20-day average; short interest is 5.2% (high – many are betting on a decline); insiders have mostly been selling the stock recently. For the latest context, see our technical analysis, insider section and news overview above.
How high can Millicom International Cellular go?
The average analyst price target for Millicom International Cellular is $88.43, which is 15.8% below the current price of $105.06. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Millicom International Cellular fall?
We lack enough history to give a specific floor for Millicom International Cellular. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Millicom International Cellular do?
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, internat... The company belongs to the Kommunikation sector, more specifically the Telecom Services industry, is headquartered in USA, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Millicom International Cellular as an investment.
Did Millicom International Cellular raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Millicom International Cellular. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history and the news overview above.
Is Millicom International Cellular making money or losing money?
Yes, Millicom International Cellular is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 19.1% — which is solid. The operating margin (profit before interest and taxes) is 21.8%. At a P/E ratio of 12.8, you currently pay 12.8 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Millicom International Cellular go bankrupt?
The bankruptcy risk of Millicom International Cellular is rated as elevated. Altman Z2 (a model for assessing financial distress) is 0.70 — that places the company in the weak zone. This is a probability based on the numbers, not a verdict — bankruptcy is not imminent. But the balance sheet is measurably weaker than average, so watch the debt, liquidity and possible capital raises. The Piotroski score (financial health 0-9, higher is better) is 5 — which is average. Debt relative to equity is 280% (high). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Millicom International Cellular have a lot of debt?
Yes, Millicom International Cellular has elevated debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 280%. For the kommunikation sector, anything above 150% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector. Can Millicom International Cellular service its debt? Can service its debt, but it weighs on the company — the interest coverage ratio (how many times earnings can cover interest payments) is 1.6x, and net debt equals 3.8 years of earnings (EBITDA).