What is Scotiabank's price target for TIGO?

Scotiabank's latest stated price target for Millicom International Cellular S.A. (TIGO) is $43, from its action on Feb 11, 2026.

What is Scotiabank's rating on TIGO?

Scotiabank rates TIGO Sector Underperform, a bearish rating, as of Feb 11, 2026.

When did Scotiabank last change its view on TIGO?

On Feb 11, 2026, Scotiabank downgrades to Sector Underperform from Sector Perform, price target $43.

Analyst firms · Scotiabank · TIGO

Scotiabank TIGO price target and rating history

Millicom International Cellular S.A. (TIGO) · Telecommunications

Scotiabank rates Millicom International Cellular S.A. (TIGO) Sector Underperform with a $43 price target, as of its latest action on Feb 11, 2026. It has published 5 rating actions on TIGO since March 2022, including 2 upgrades and 3 downgrades. Across 3 firms with a TIGO price target in the last 12 months, the median target is $89. Scotiabank's $43 is 52% below that.

Current rating: Sector Underperform
Price target: $43
Median target, all firms: $89
Actions on TIGO: 5

Scotiabank price target on TIGO

Scotiabank price target on TIGO, each point a stated target, March 2022 to February 2026.

Every Scotiabank rating on TIGO

Feb 11, 2026
DowngradeScotiabank downgrades to Sector Underperform from Sector Perform, price target $43
Jun 17, 2025
DowngradeScotiabank downgrades to Sector Perform from Sector Outperform, price target $37
Sep 20, 2024
UpgradeScotiabank upgrades to Sector Outperform from Sector Perform
Aug 7, 2024
DowngradeScotiabank downgrades to Sector Perform from Sector Outperform
Mar 8, 2022
UpgradeScotiabank upgrades to Sector Outperform from Sector Perform, price target $35.90 to $32.90

How other firms rate TIGO

Each firm's latest rating and stated target in the last 12 months.

Firm	Rating	Price target	Date
UBS	Neutral	$90	May 26, 2026
HSBC	Buy	$89	Mar 6, 2026
Scotiabank	Sector Underperform	$43	Feb 11, 2026

Questions about Scotiabank and TIGO

What is Scotiabank's price target for TIGO?: Scotiabank's latest stated price target for Millicom International Cellular S.A. (TIGO) is $43, from its action on Feb 11, 2026.
What is Scotiabank's rating on TIGO?: Scotiabank rates TIGO Sector Underperform, a bearish rating, as of Feb 11, 2026.
When did Scotiabank last change its view on TIGO?: On Feb 11, 2026, Scotiabank downgrades to Sector Underperform from Sector Perform, price target $43.
How does Scotiabank's TIGO target compare with other analysts?: Across 3 firms with a TIGO price target in the last 12 months, the median target is $89. Scotiabank's $43 is 52% below that.

More TIGO rating histories

All Scotiabank ratings TIGO news and filings Every analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.