Fintel reports that on November 17, 2025, JP Morgan maintained coverage of Millicom International Cellular (NasdaqGS:TIGO) with a Overweight recommendation.
Analyst Price Forecast Suggests 4.71% Downside
As of November 9, 2025, the average one-year price target for Millicom International Cellular is $47.96/share. The forecasts range from a low of $39.39 to a high of $55.65. The average price target represents a decrease of 4.71% from its latest reported closing price of $50.33 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Millicom International Cellular is 6,163MM, an increase of 10.17%. The projected annual non-GAAP EPS is 3.61.
What is the Fund Sentiment?
There are 320 funds or institutions reporting positions in Millicom International Cellular. This is an increase of 77 owner(s) or 31.69% in the last quarter. Average portfolio weight of all funds dedicated to TIGO is 0.23%, an increase of 29.65%. Total shares owned by institutions increased in the last three months by 8.43% to 84,370K shares. 
The put/call ratio of TIGO is 0.46, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 8,449K shares representing 5.06% ownership of the company. In its prior filing, the firm reported owning 8,836K shares , representing a decrease of 4.59%. The firm increased its portfolio allocation in TIGO by 18.94% over the last quarter.
DODFX - Dodge & Cox International Stock Fund holds 8,247K shares representing 4.94% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 6,460K shares representing 3.87% ownership of the company. In its prior filing, the firm reported owning 1,439K shares , representing an increase of 77.72%. The firm decreased its portfolio allocation in TIGO by 43.73% over the last quarter.
Brandes Investment Partners holds 5,835K shares representing 3.49% ownership of the company. In its prior filing, the firm reported owning 6,625K shares , representing a decrease of 13.53%. The firm decreased its portfolio allocation in TIGO by 22.70% over the last quarter.
Price T Rowe Associates holds 5,832K shares representing 3.49% ownership of the company. In its prior filing, the firm reported owning 5,828K shares , representing an increase of 0.07%. The firm decreased its portfolio allocation in TIGO by 38.05% over the last quarter.
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