Millicom International Cellular S.A. (TIGO) is up 16.2% today. Here is some analysis on what might have caused this price movement. ([marketbeat.com](https://www.marketbeat.com/earnings/reports/2026-8-6-millicom-international-cellular-sa-stock/))
Analysis: The move appears tied to a strong second-quarter report, a higher 2026 equity free cash flow target, and a newly declared interim dividend. Investors also seem to be responding to record adjusted EBITDA and equity free cash flow, which reinforced the company’s message that its recent acquisitions are already contributing to cash generation. ([globenewswire.com](https://www.globenewswire.com/news-release/2026/08/06/3340028/0/en/millicom-tigo-q2-2026-earnings-release.html))
Details:
Sources:
GlobeNewswire, MarketBeat
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$TIGO Insider Trading Activity
$TIGO insiders have traded $TIGO stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $TIGO stock by insiders over the last 6 months:
- KARIM ANTONIO LESINA (EVP, CEA Officer) sold 42,497 shares for an estimated $3,824,730
- BRUCE CHURCHILL sold 284 shares for an estimated $20,993
- MARIA TERESA ARNAL sold 284 shares for an estimated $20,993
- DE VEGA BLANCA TREVINO sold 284 shares for an estimated $20,993
- JUSTINE DIMOVIC sold 284 shares for an estimated $20,993
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$TIGO Hedge Fund Activity
We have seen 235 institutional investors add shares of $TIGO stock to their portfolio, and 160 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ removed 4,859,765 shares (-98.5%) from their portfolio in Q1 2026, for an estimated $364,190,789
- BRANDES INVESTMENT PARTNERS, LP removed 1,575,489 shares (-32.6%) from their portfolio in Q1 2026, for an estimated $118,067,145
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 1,234,647 shares (-97.7%) from their portfolio in Q1 2026, for an estimated $92,524,446
- FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND removed 1,000,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $74,940,000
- MARSHALL WACE, LLP added 907,741 shares (+5545.1%) to their portfolio in Q1 2026, for an estimated $68,026,110
- AMERICAN CENTURY COMPANIES INC added 814,989 shares (+1289.6%) to their portfolio in Q1 2026, for an estimated $61,075,275
- GOLDMAN SACHS GROUP INC added 760,740 shares (+169.0%) to their portfolio in Q1 2026, for an estimated $57,009,855
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$TIGO Price Targets
Multiple analysts have issued price targets for $TIGO recently. We have seen 3 analysts offer price targets for $TIGO in the last 6 months, with a median target of $89.0.
Here are some recent targets:
- Andres Coello from Scotiabank set a target price of $52.4 on 05/27/2026
- Marcelo Santos from JP Morgan set a target price of $100.0 on 05/20/2026
- Phani Kanumuri from HSBC set a target price of $89.0 on 03/06/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
