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Scotiabank Maintains Sector Underperform on Millicom Intl Cellular, Raises Price Target to $60.1

Aug 8, 2026, 1:03 AMBenzinga Newsdesk

Scotiabank analyst Andres Coello maintains Millicom Intl Cellular (NASDAQ:TIGO) with a Sector Underperform and raises the price target from $52.4 to $60.1.

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Source: benzinga
Observed: Aug 8, 2026, 1:03 AM
Checked: Aug 8, 2026, 1:03 AM
Cadence: Captured once, then retained as an archive reference
Status: fresh

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Scotiabank Maintains Sector Underperform on Millicom Intl Cellular, Raises Price Target to $60.1

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Millicom Announces Third Quarter 2026 Earnings Release and Conference Call

Stock Market Today: Nasdaq 100 Rebounds From OpenAI Scare, T-Mobile Tumbles 12%

Shares of mobile and broadband communications companies are trading lower after SpaceX announced that it would purchase Grain Management's 800 MHz spectrum, which will put the satellite communications developer in competition with legacy terrestrial carriers, leading to lower sales and margins.

Full Transcript: Millicom Intl Cellular Q2 2026 Earnings Call