TIGO

Rating sellAI Memo

Millicom International

As of 2026-02-27/Confidence medium

Open ticker Back to Memos

Data freshness

AI Memo

As of 2026-02-27 • Model: RankAlpha Sentiment AI

Decision Panel

Action, confidence, horizon, and decision blockers at a glance.

Action

sell

Confidence

medium

Horizon

—

Key catalyst

FY2025 / Q4 earnings release (assumed reporting window end) • 2026-05-28

Expected move: -30%

Biggest risk

Adverse regulatory rulings, FX shocks, or persistent ARPU/margin pressure drive earnings and multiple compression toward lower analyst bounds.

Invalidation

Break below $38 or thesis failure.

What would change my mind?

Faster ARPU recovery, successful M&A or capital-allocation actions, and multiple expansion re-rate the stock above peers.

Research note

Recommendation

sell

Confidence

medium

As of

2026-02-27

Base target

$62

p=55%

Bull target

$95

p=20%

Bear target

$38

p=25%

Key bullets

Fast scan of bull, bear, and watch items

BullKey bullets

Regulatory/spectrum decisions in Latin America
Strategic M&A / consolidation outcome
Faster ARPU recovery, successful M&A or capital-allocation actions, and multiple expansion re-rate the stock above peers.

BearKey bullets

ARPU erosion from competition and pricing pressure
Execution risk on M&A or network investments
Local-currency depreciation harming reported USD earnings

WatchKey bullets

FY2025 / Q4 earnings release (assumed reporting window end)

Summary

High-level snapshot

Recommendation

sell

Model confidence

medium

Timeframe

Asset

Equity

Trigger

Base case: $62 (p=55%)

Bull/Bear spread: +7% / -57%

Vs latest close: Bull +7% · Base -30% · Bear -57%

Scenario probabilities

Bull Target: $95 (p=20%)Base Target: $62 (p=55%)Bear Target: $38 (p=25%)

Commentary

Analyst targets and market signals cluster below the broker-last anchor; consensus is cautious with a wide low–high spread. Tone is guarded pending FY2025 results and clarity on capital returns.

As of 2026-02-27 • Updated bi-weekly / post-earningsSource: Internal modelMethodology

Analyst Summary

Thesis highlights from the latest analysis

Bull Case

Faster ARPU recovery, successful M&A or capital-allocation actions, and multiple expansion re-rate the stock above peers.

Bear Case

Adverse regulatory rulings, FX shocks, or persistent ARPU/margin pressure drive earnings and multiple compression toward lower analyst bounds.

Drivers

Scannable catalysts and supporting factors

Regulatory/spectrum decisions in Latin America
Strategic M&A / consolidation outcome

Human Analyst Targets

External snippets for comparison only; verify at source.

Unverified externalLast fetched 2026-02-27Source quality: external scrape

External snippets are unverified; treat as directional signals only. Always confirm with the original provider.

Inline RA est

Provider

serper

Median (USD)

$60.17

Range (USD)

$34.00 - $72.00

Count

Query: Millicom International Cellular SA Common (TIGO) analyst consensus price target high low average

Millicom International Cellular S.A. (TIGO) Stock Price, News, Quote ...
Search result #1
FY25. Q4. FY25. 0. 500M. 1B. 2B. View More. Analyst Insights: TIGO. View More. Analyst Price Targets. 43.00 Low. 62.50 Average. 71.89 Current. 75.00. Analyst ...
Open source
Millicom International Cellular SA (TIGO) Stock Forecast ... - TipRanks
Search result #2
The average price target is $56.50 with a high forecast of $70.00 and a low forecast of $43.00. The average price target represents a -17.60% change from the ...
Extracted: $56.50, $70.00, $43.00Open source
MILLICOM INTL CELLULAR SA (TIGO) Stock Analyst Ratings
Search result #3
Analysts have set a mean price target forecast of 55.23. This target is -14.34% below the current price. · TIGO was analyzed by 13 analysts. · In the previous ...
Open source
Millicom International Cellular SA (TIGO) Price Targets
Search result #4
The forecasts range from a low of $34.00 to a high of $70.00. The average price target represents a decline of 21.01% from the last closing price of $70.68.
Extracted: $34.00, $70.00, $70.68Open source
Consensus Millicom International Cellular SA - MarketScreener
Search result #5
Mean consensus. OUTPERFORM ; Number of Analysts. 9 ; Last Close Price. 67.07USD ; Average target price. 59.62USD ; Spread / Average Target. -11.10%.
Extracted: $67.07, $59.62Open source
Millicom International Cellular S.A. Analyst Estimates - MarketWatch
Search result #6
Stock Price Targets. High, $72.00. Median, $63.00. Low, $43.00. Average, $60.71. Current Price, $63.95. Yearly Numbers. Estimates. TIGO will report 2025 ...
Extracted: $72.00, $63.00, $43.00, $60.71, $63.95Open source

Scenarios

Bull Target (Scenario probability)

$95 / p=20% prob

Base Target (Scenario probability)

$62 / p=55% prob

Bear Target (Scenario probability)

$38 / p=25% prob

Price $89 as of 2026-06-02

Nearest Scenario: Bull (∆ 7%)

Targets vs latest close: Bull +7% · Base -30% · Bear -57%

Sentiment & Exposure

Sentiment unavailable: insufficient coverage

Events

Other notable items detected

EVENT2026-05-28
FY2025 / Q4 earnings release (assumed reporting window end)
FY2025 results are the nearest formal trigger for guidance, ARPU, and FX translation updates; misses could compress the multiple and push shares lower.
Prob 80.00% • Move 6.00% • Priced-in 60.00%

Short-term Catalysts

Next few weeks

Regulatory/spectrum decisions in Latin America
2026-05-28
Rulings or licensing outcomes in core LatAm markets can cause abrupt re-rating; recent notes show mixed market expectations.
Prob 40% • Move 12% • Priced-in 30%

Long-term Catalysts

Months to a year

Strategic M&A / consolidation outcome
2027-02-27
Successful consolidation or accretive M&A in core markets could lift multiples over the medium term; lower probability but higher impact.
Prob 25% • Move 40% • Priced-in 20%

Risks

ARPU erosion from competition and pricing pressure
Execution risk on M&A or network investments
Local-currency depreciation harming reported USD earnings
Regulatory rulings or fines in core LatAm markets

Peers

Symbol	Summary
AMX	América Móvil — large LatAm operator; useful operational and regulatory comparator.
LILA	Liberty Latin America — regional broadband and wireless exposure in overlapping markets.

Sources

Internal and external references used in this analysis

Model source: RankAlpha Sentiment AI
Human targets: serper
Targets query: Millicom International Cellular SA Common (TIGO) analyst consensus price target high low average
Analysis date: 2026-02-27

AI Stock Memo: TIGO - Millicom International - RankAlpha