IHS Holding Limited (IHS) – What Are Brokerages Saying About This Stock?

IHS Holding Limited (NYSE:IHS) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $8.80.

IHS has been the topic of several research reports. Weiss Ratings raised IHS from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of IHS to a “hold” rating in a research report on Saturday, October 24th.

Hedge Funds Weigh In On IHS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IHS. Parallel Advisors LLC lifted its holdings in shares of IHS by 1,976.6% in the third quarter. Parallel Advisors LLC now owns 3,904 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 3,716 shares in the last quarter. Corient Private Wealth LP increased its stake in IHS by 9.2% in the second quarter. Corient Private Wealth LP now owns 49,156 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 4,156 shares during the last quarter. Sei Investments Co. increased its stake in IHS by 22.6% in the first quarter. Sei Investments Co. now owns 31,668 shares of the business services provider’s stock valued at $261,000 after purchasing an additional 5,834 shares during the last quarter. CWA Asset Management Group LLC lifted its position in IHS by 8.3% during the third quarter. CWA Asset Management Group LLC now owns 111,510 shares of the business services provider’s stock worth $932,000 after buying an additional 8,552 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in IHS in the 3rd quarter worth about $89,000. Institutional investors and hedge funds own 17.54% of the company’s stock.

IHS Price Performance

IHS opened at $8.47 on Wednesday. IHS has a 1-year low of $5.71 and a 1-year high of $8.95. The stock has a market cap of $2.87 billion, a P/E ratio of 21.19 and a beta of 0.73. The stock’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $8.28.

IHS (NYSE:IHS) last issued its quarterly earnings data on Monday, August 10th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $428.60 million for the quarter, compared to analyst estimates of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

About IHS

IHS Towers, formally IHS Holding Limited, is an independent owner and operator of shared telecommunications infrastructure. Founded in 2001, the company began in Nigeria and expanded into a multinational provider of infrastructure used by mobile network operators. Its assets and services include wireless communications towers, fiber-optic networks and other infrastructure that help telecom providers extend coverage and capacity. By sharing sites and related facilities among customers, IHS supports the deployment and operation of mobile networks.