Millicom stock holds near its yearly high after JPMorgan cut

Published on 09/18/2026 at 21:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Millicom stock closed at USD 95.69 on September 17, 2026, with YTD performance at 72.60 percent. JPMorgan cut its target to USD 105 from USD 100 on August 18, 2026.

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Millicom stock (ISIN SE0001174970) closed at USD 95.69 on September 17, 2026, up 0.15 percent, while market capitalization stood at USD 16.048 billion and the 52-week range was USD 44.88 to USD 107.13. JPMorgan cut its price target to USD 105 from USD 100 on August 18, 2026, and the shares still finished close to the top of that range.

Record EBITDA, weaker profit

On August 6, Yahoo Finance reported that Millicom's second-quarter 2026 revenue rose 59.4 percent year over year to USD 2.18 billion, adjusted EBITDA crossed USD 1.01 billion for the first time and net profit attributable to owners fell 83.9 percent to USD 109 million. Service revenue reached USD 2.04 billion in the quarter, and first-half 2026 revenue climbed to USD 4.16 billion from USD 2.74 billion a year earlier.

The gap matters for investors. Cash flow and EBITDA improved fast, but the profit line moved the other way, and that makes the quality of growth more important than the headline size of the quarter.

Target and dividend signal

According to Yahoo Finance, the latest JP Morgan action on August 18, 2026 was a downgrade to Neutral from a previous stance, while the price target was raised to USD 105 from USD 100. The same quote page also showed an analyst average target of USD 98.39, with the stock above both that average and the low target of USD 60.10.

Yahoo Finance also showed a forward dividend of USD 3.00 per share and an ex-dividend date of October 8, 2026. The stock was up 72.60 percent year to date on September 17, 2026, which keeps the dividend story alongside the valuation debate.

Price stays elevated

Millicom stock finished at USD 95.69 on September 17, 2026, with a prior close of USD 95.55, a day range of USD 95.18 to USD 96.98 and volume of 584,453 shares. The closing level left the stock 10.44 percent below its 52-week high of USD 107.13 and 113.35 percent above its 52-week low of USD 44.88.