Millicom International Cellular S.A., trading as NASDAQ:TIGO, is a telecommunications and media company based in Luxembourg. It operates under the Tigo brand in Latin America and Africa, providing mobile and cable services. The company competes with major players like Telefonica and America Movil in the telecommunications sector.
On February 10, 2026, Scotiabank set a price target of $43 for TIGO, while the stock was trading at $65.69. This suggests a potential downside of approximately -34.54% from the target. The current stock price of TIGO is $65.69, reflecting a decrease of 3.79% or $2.59, as highlighted by the recent trading data.
Telefonica's decision to sell its mobile unit in Chile to NJJ and Millicom for $1.2 billion aligns with its strategy to focus on core markets. This acquisition could impact TIGO's operations in Latin America, potentially influencing its market position and financial performance.
TIGO's stock has shown volatility, with today's price fluctuating between $64.48 and $67.75. Over the past year, the stock has reached a high of $68.93 and a low of $25.50. This volatility may affect investor sentiment and the stock's future performance.
With a market capitalization of approximately $10.98 billion and a trading volume of 1,724,097 shares today, TIGO remains a significant player in the telecommunications industry. Investors should consider these factors when evaluating the stock's potential and Scotiabank's price target.
