Millicom International Cellular Sa (TIGO) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Millicom International Cellular Sa (TIGO) stock forecast summary
Our AI ranks Millicom International Cellular Sa outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Millicom International Cellular Sa is a large-cap company with a market capitalization of $14.00B. It ranks number 3 by market capitalization among the 9 Radiotelephone Communications issuers in our coverage with a current forecast.
For TIGO, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 28.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, TIGO included.
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How TIGO ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Millicom International Cellular Sa (TIGO) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Radiotelephone Communications peers listed below that report each metric.
Valuation & Market
| Metric | TIGO | Rank |
|---|---|---|
| Market Cap | $14.00B | 3/9 |
| P/E Ratio | 8.20x | 4/6 |
| EPS | $10.10 | – |
| FCF/Share | $12.98 | – |
Profitability & Margins
| Metric | TIGO | Rank |
|---|---|---|
| ROE | 55.0% | – |
| ROA | 11.6% | 3/6 |
| Tax Rate | 40.5% | – |
Financial Health
| Metric | TIGO | Rank |
|---|---|---|
| D/E Ratio | 3.75x | 1/5 |
| Financial Leverage | 4.74x | 2/8 |
Cash Flow
| Metric | TIGO | Rank |
|---|---|---|
| Operating Cash Flow | $5.20B | 3/8 |
| Free Cash Flow | $2.19B | 3/7 |
| Capital Spending | -$3.00B | 5/7 |
| FCF Growth YoY | 0.0% | 3/6 |
Operational Efficiency
| Metric | TIGO | Rank |
|---|---|---|
| Inventory Turnover | 80.4x | 2/5 |
| Days Inventory | 5 days | 4/5 |
| Payables Period | 32 days | 6/6 |
Income Statement
| Metric | TIGO | Rank |
|---|---|---|
| Operating Income | $4.04B | 3/8 |
| Net Income | $2.00B | 2/6 |
| Cost of Goods Sold | $5.63B | 2/7 |
Dividend & Shareholder Information
| Metric | TIGO | Rank |
|---|---|---|
| Shares Outstanding | 169M | – |
Balance Sheet Highlights (USD millions)
| Cash & Short-term Investments | $1.55B | |
| Inventory | $70M | |
| Total Liabilities | $13.63B |
TIGO quarterly financials and insider trading
Millicom International Cellular Sa (TIGO) industry peers
Companies classified under the same SEC industry code as Millicom International Cellular Sa (Radiotelephone Communications): 10 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| TIGO Millicom International Cellular Sa | ▲ | $14.00B |
| TMUS T-Mobile Us, Inc. | ▶ | $170.66B |
| VOD Vodafone Group Public Ltd Co | ▼ | $39.49B |
| VEON Veon Ltd. | ▶ | $6.13B |
| AD Array Digital Infrastructure, Inc. | ▼ | $2.89B |
| KYIV Kyivstar Group Ltd. | ▼ | $2.85B |
| IHS Ihs Holding Ltd | ▼ | $2.83B |
| SPOK Spok Holdings, Inc | ▶ | $222M |
| CHAI Core Ai Holdings, Inc. | ▼ | $5M |
| CLRI Cleartronic, Inc. | ▼ | N/A |
Where TIGO sits on the market map
Millicom International Cellular Sa (TIGO) stock news
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Millicom International Cellular Sa (TIGO) stock forecast FAQ
What is the Millicom International Cellular Sa (TIGO) stock forecast?
Our AI ranks Millicom International Cellular Sa outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Millicom International Cellular Sa stock predictions?
For TIGO, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 31.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 28.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Millicom International Cellular Sa forecasts updated?
Millicom International Cellular Sa forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Millicom International Cellular Sa's industry peers?
10 issuers in our coverage, TIGO included, share the SEC industry code Radiotelephone Communications. The largest are: T-Mobile Us, Inc. (TMUS), Vodafone Group Public Ltd Co (VOD), Veon Ltd. (VEON), Array Digital Infrastructure, Inc. (AD), Kyivstar Group Ltd. (KYIV), Ihs Holding Ltd (IHS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.