Brokerages set an average USD 85.68 target for Millicom stock
Published on 10/06/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Millicom International Cellular (LU0038705702) drew an average 12-month target of USD 85.68 from seven brokerages, according to MarketBeat on October 3, 2026. The breakdown was three buys, three holds and one sell, leaving the consensus at Hold.
Cash flow and profit diverge
Yahoo Finance reported on September 17, 2026 that Millicom generated USD 2.04 billion in service revenue during the second quarter of 2026, up 60.10 percent from the prior-year quarter. The result includes acquisitions, while organic revenue growth was 4.30 percent.
Adjusted EBITDA reached USD 1.01 billion in the second quarter, an increase of 58.00 percent year over year, while equity free cash flow rose 50.10 percent to USD 327.00 million. The contrast was the net profit attributable to company owners, which fell 83.90 percent to USD 109.00 million from USD 676.00 million.
Analyst target trails the quote
MarketBeat placed the average target below the Nasdaq quote of USD 91.17, last at 4:00 p.m. EDT on October 5, 2026. The same market context showed a 52-week range of USD 44.88 to USD 107.13, putting the last quote 14.90 percent below the yearly high.
The earnings mix explains the cautious rating. Reported revenue and adjusted EBITDA expanded sharply, but the 4.30 percent organic revenue increase was far below the 60.10 percent reported service-revenue growth, while acquisition and integration costs pressured net profit.
Millicom closes with a split signal
Millicom's second-quarter figures combine record adjusted EBITDA and equity free cash flow with a lower bottom line. The Nasdaq quote of USD 91.17 and the USD 85.68 average target frame the market's measured view, while the USD 107.13 yearly high remains a clear reference point.
The further course of trading is shown by the continuously updated real-time quote of Millicom stock.
Millicom stock facts
- Company: Millicom International Cellular S.A.
- ISIN: LU0038705702
- Ticker: TIGO
- Primary exchange: NASDAQ
- Prior close Lang & Schwarz (October 5, 2026): EUR 81.25
- Market capitalization: USD 15.3 billion (as of October 5, 2026)
- 52-week range: USD 44.88-107.13 (as of October 5, 2026)
- Sector / Industry: Communication Services / Telecom Services
