Millicom International Cellular S.A. (TIGO) Stock Price & Analysis
Millicom International Cellular S.A. (TIGO) closed at USD 79.93 on Thursday, October 22, 2026, down 2.11% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 81.65; the Oct 22, 2026 session ranged USD 77.84–82.19 on volume of 898,210 shares. Market capitalization is $13.41B, with a 52-week range of USD 44.88–107.13 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TIGO.md
Key facts (TIGO)
- 2 of 80 tracked superinvestors hold TIGO (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $8.3M; 6 not under a Rule 10b5-1 plan ($8.3M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.13 on a 1–5 scale) (8 analysts), mean target USD 96.39 (range 60.1–132).
- Total return with dividends: 1Y +78.1% vs S&P 500 +14.9%; 5Y +163.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.83, revenue estimate $2.23B.
Superinvestors (SEC 13F-HR, Q2 2026) (TIGO)
2 of 80 tracked investors hold TIGO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Dodge & Cox Funds | Dodge & Cox | 0.39% | $746M | Added +0.7% |
| Sarah Ketterer | Causeway Capital Management | 0.06% | $6.0M | Reduced -68.4% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TIGO)
0 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-11 | Lesina Karim Antonio | EVP, CEA Officer | 42,497 | $3.8M | 26.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-01 | Escalon Salvador | Chief Legal & Compliance Off. | 49,288 | $4.4M | 23% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-20 | Trevino De Vega Blanca | Director | 284 | $21K | 2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-20 | Dimovic Justine | Director | 284 | $21K | 3.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-20 | Churchill Bruce | Director | 284 | $21K | 1.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-20 | Arnal Maria Teresa | Director | 284 | $21K | 2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TIGO)
Consensus Hold (mean 3.13 on a 1–5 scale), 8 analysts; mean target USD 96.39 (low 60.1, high 132).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-18 | JP Morgan | Downgrade | Overweight → Neutral | $100 → $105 |
| 2026-08-08 | Scotiabank | Target raised | Sector Underperform | $52.4 → $60.1 |
| 2026-07-14 | UBS | Target raised | Neutral | $90 → $100 |
Total return (dividends reinvested) (TIGO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +78.1% | +163.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +78.5% | +21.4% |
| Volatility (annualized) | 42.0% | 38.8% |
| Max drawdown | -23.4% (Aug 2026→Oct 2026) | -70.4% (Nov 2021→Oct 2022) |
TIGO suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Huawei | “The key suppliers of equipment and software for our existing networks are Huawei, Ericsson, Nokia, PPC, Fiberhome, Harmonic, Kaon, Vantiva, Juniper, Intraway and VMWare.” |
| Supplier | Apple (AAPL) | “The key suppliers of our handsets and set-top boxes, in terms of both volume of sales and importance to our operations, are Apple, B-Mobile, Blu, Honor, Maxwest, Motorola, OPPO, Samsung, Tecno, Vivo, Xiaomi and ZTE.” |
| Supplier | Samsung Electronics | “The key suppliers of our handsets and set-top boxes, in terms of both volume of sales and importance to our operations, are Apple, B-Mobile, Blu, Honor, Maxwest, Motorola, OPPO, Samsung, Tecno, Vivo, Xiaomi and ZTE.” |
| Supplier | Xiaomi | “The key suppliers of our handsets and set-top boxes, in terms of both volume of sales and importance to our operations, are Apple, B-Mobile, Blu, Honor, Maxwest, Motorola, OPPO, Samsung, Tecno, Vivo, Xiaomi and ZTE.” |
| Customer | Paraguay | “In 2016, the regulator in Paraguay extended the unused prepaid data allowance from 30 to 90 days, which impacted the frequency at which a portion of our prepaid customers purchase additional data allowances from us.” |
| Customer | Bolivia | “rates, as measured by the number of subscribers who use a smartphone to access mobile data services on 4G networks, were approximately 73% in Bolivia, 65% in Panama, 64% in Ecuador, 63% in Uruguay, 62% in El Salvador, 61% in Colombia, 61% in Honduras, 59% in Paraguay, 54% in Nicaragua and 51% in Guatemala as of December 31, 2025 Based on our own customer data and market intelligence, fixed and other services penet…” |
| Customer | Uruguay | “rates, as measured by the number of subscribers who use a smartphone to access mobile data services on 4G networks, were approximately 73% in Bolivia, 65% in Panama, 64% in Ecuador, 63% in Uruguay, 62% in El Salvador, 61% in Colombia, 61% in Honduras, 59% in Paraguay, 54% in Nicaragua and 51% in Guatemala as of December 31, 2025 Based on our own customer data and market intelligence, fixed and other services penet…” |
| Customer | El Salvador | “rates, as measured by the number of subscribers who use a smartphone to access mobile data services on 4G networks, were approximately 73% in Bolivia, 65% in Panama, 64% in Ecuador, 63% in Uruguay, 62% in El Salvador, 61% in Colombia, 61% in Honduras, 59% in Paraguay, 54% in Nicaragua and 51% in Guatemala as of December 31, 2025 Based on our own customer data and market intelligence, fixed and other services penet…” |
| Customer | Nicaragua | “rates, as measured by the number of subscribers who use a smartphone to access mobile data services on 4G networks, were approximately 73% in Bolivia, 65% in Panama, 64% in Ecuador, 63% in Uruguay, 62% in El Salvador, 61% in Colombia, 61% in Honduras, 59% in Paraguay, 54% in Nicaragua and 51% in Guatemala as of December 31, 2025 Based on our own customer data and market intelligence, fixed and other services penet…” |
| Partner | MIC | “In addition, at December 31, 2025 our joint venture in Honduras, which is non-recourse to MIC S.A., had $367 million of debt and lease liabilities of $392 million.” |
| Partner | Amazon (AMZN) | “We acquire rights to distribute certain content or services for use by our mobile, pay-TV and broadband customers, and we have strategic partnerships with major digital players, such as Amazon.” |
Quoted from the company's 20-F filed Mar 24, 2026.
TIGO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.83 | $0.00 | — | $2.23B | 1 |
| Next quarter (ends Dec 2026) | $0.52 | $0.00 | — | $2.29B | 1 |
| Current fiscal year (ends Dec 2026) | $4.55 | $4.74 | -4.1% | $8.76B | 5 |
| Next fiscal year (ends Dec 2027) | $7.05 | $7.20 | -2.1% | $9.15B | 5 |
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 79.93 |
|---|---|
| Change | ▼ 2.11% (down) |
| Previous Close | USD 81.65 |
| Open | USD 81.65 |
| Day Range | USD 77.84 – 82.19 |
| 52-Week Range | USD 44.88 – 107.13 |
| Volume | 898,210 shares |
| Market Cap | $13.41B |
| Exchange | NMS |
Technical Analysis (TIGO)
Nexqual's technical model rates TIGO "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 37.09 (neutral) |
| vs SMA50 | Below (USD 90.37) |
| MACD | -3.32 (negative) |
Analyst Ratings (TIGO)
Wall Street analysts rate TIGO "Hold" based on 8 analysts, with a mean price target of USD 96.39 (range USD 60.1–132), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 96.39 |
| High Target | USD 132 |
| Low Target | USD 60.1 |
| Buy / Hold / Sell | 1 / 6 / 1 |
Earnings (TIGO)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.83 |
| Revenue Estimate | $2.23B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.65 vs est 0.59 ▲ beat |
| 2026-03-31 | USD 0.58 vs est 0.85 ▼ miss |
| 2025-12-31 | USD 1.51 vs est 0.74 ▲ beat |
| 2025-09-30 | USD 1.17 vs est 0.78 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (TIGO)
| Total Revenue | $7.25B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +59.40% |
| Gross Margin | +76.55% |
| Operating Margin | +20.74% |
| Profit Margin | +9.18% |
| ROE | +21.73% |
| Debt / Equity | 4.85 |
| Current Ratio | 0.54 |
| Total Cash | $861.00M |
| Total Debt | $12.09B |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (TIGO)
Nexqual rates Millicom International Cellular S.A.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Mixed — Revenue +0.3% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 77%, operating 21% (last 12 months) |
| Balance Sheet | Critical — $861M cash vs $12.1B debt |
| Cash Flow | Solid — Operating cash flow $2.24B (TTM) |
| Efficiency | Strong — ROE 22%, ROA 5.9% |
Ownership (TIGO)
| Insider Ownership | +46.07% |
|---|---|
| Institutional Ownership | +49.27% |
| Shares Outstanding | 167.71M |
| Float | 90.05M |
| Short % of Float | +2.83% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (TIGO)
Millicom International Cellular S.A. is led by Marcelo Benitez, Chief Executive Officer, per Nexqual as of October 23, 2026 at 10:38 UTC.
| Chief Executive Officer | Marcelo Benitez |
|---|---|
| Chief Financial Officer | Bart Vanhaeren |
| Chief Technology & Information Officer | Guillaume Duhaze |
| Vice President of Investor Relations | Luca Pfeifer |
| Director of Corporate Communications | Sofia Corral |
Major Backers & Investors (TIGO)
Notable institutional backers of Millicom International Cellular S.A. include Dodge & Cox Inc., JPMorgan, Capital Group, according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Dodge & Cox Inc. | 8.08% |
| JPMorgan | 6.63% |
| Capital Group | 3.6% |
| Brandes Investment Partners L.P. | 2.71% |
| Barclays Plc | 2.63% |
| NEW PERSPECTIVE FUND | 2.11% |
| AXIOM INVESTORS LLC /DE | 1.57% |
| Swedbank AB | 1.52% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8% |
| State Street | 2.72% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TU | Telus Corporation | USD 8.86 | ▲ 5.73% |
| CHTR | Charter Communications, Inc. | USD 111.77 | ▲ 4.2% |
| TLK | PT Telekomunikasi Indonesia, Tb | USD 12.21 | ▲ 3.65% |
| RCI | Rogers Communication, Inc. | USD 33.2 | ▲ 4.57% |
| BCE | BCE, Inc. | USD 20.81 | ▲ 4.15% |
| VIV | Telefonica Brasil S.A. | USD 13.08 | ▲ 1.24% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt