Weekly Analysts’ Ratings Changes for Millicom International Cellular (TIGO)

Several brokerages have updated their recommendations and price targets on shares of Millicom International Cellular (NASDAQ: TIGO) in the last few weeks:

• 5/26/2026 – Millicom International Cellular was downgraded by UBS Group AG from “buy” to “neutral”. They now have a $90.00 price target on the stock.
• 5/20/2026 – Millicom International Cellular had its price target raised by JPMorgan Chase & Co. from $86.00 to $100.00. They now have an “overweight” rating on the stock.
• 5/16/2026 – Millicom International Cellular was downgraded by Wall Street Zen from “buy” to “hold”.
• 5/13/2026 – Millicom International Cellular was upgraded by Weiss Ratings from “buy (b+)” to “buy (a-)”.
• 4/6/2026 – Millicom International Cellular was upgraded by Zacks Research from “strong sell” to “hold”.
• 3/30/2026 – Millicom International Cellular had its price target raised by Scotiabank from $43.00 to $51.20. They now have a “sector underperform” rating on the stock.
• 3/28/2026 – Millicom International Cellular was downgraded by Wall Street Zen from “strong-buy” to “buy”.

Millicom International Cellular Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be paid a $0.75 dividend. The ex-dividend date is Thursday, April 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.6%. Millicom International Cellular’s dividend payout ratio (DPR) is 40.76%.

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.