Do Analysts Expect Millicom International Cellular SA (TIGO) Stock to Rise After It Is Down -21.88% in a Month?

Analysts who follow Millicom International Cellular SA (TIGO) on average expect it to increase 92.62% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns Millicom International Cellular SA an Analyst Ranking of 72, which means it ranks higher than 72 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating TIGO a Strong Buy today. Find out what this means to you and get the rest of the rankings on TIGO!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Millicom International Cellular SA Stock Today?

Millicom International Cellular SA (TIGO) stock is trading at $21.00 as of 1:41 PM on Wednesday, May 18, a decline of -$2.50, or -10.64% from the previous closing price of $23.50. The stock has traded between $20.95 and $22.49 so far today. Volume today is less active than usual. So far 65,723 shares have traded compared to average volume of 95,285 shares. Click Here to get the full Stock Report for Millicom International Cellular SA stock.