IHS Holding Limited (NYSE:IHS) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts rate IHS “Hold” on average: Of seven firms covering the stock, four recommend hold, two buy, and one sell; the average 12-month price target is $8.80.
• IHS missed quarterly expectations: It reported a loss of $0.04 per share versus analysts’ expected earnings of $0.12, while revenue of $428.6 million fell short of the $442.7 million consensus.
• Shares opened at $8.47, within a 52-week range of $5.71 to $8.95. Institutional investors and hedge funds own 17.54% of the stock.

IHS Holding Limited (NYSE:IHS - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.80.

Several research firms recently issued reports on IHS. Wall Street Zen raised shares of IHS to a "hold" rating in a report on Saturday, October 24th. Weiss Ratings raised IHS from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th.

Institutional Trading of IHS

Several hedge funds have recently modified their holdings of IHS. Parallel Advisors LLC grew its holdings in IHS by 1,976.6% during the third quarter. Parallel Advisors LLC now owns 3,904 shares of the business services provider's stock worth $33,000 after acquiring an additional 3,716 shares during the period. Corient Private Wealth LP lifted its holdings 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 acquiring an additional 4,156 shares during the period. Sei Investments Co. boosted its position in shares of IHS by 22.6% during the 1st quarter. Sei Investments Co. now owns 31,668 shares of the business services provider's stock worth $261,000 after purchasing an additional 5,834 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of IHS by 8.3% during the 3rd quarter. CWA Asset Management Group LLC now owns 111,510 shares of the business services provider's stock worth $932,000 after purchasing an additional 8,552 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of IHS during the 3rd quarter worth $89,000. 17.54% of the stock is owned by institutional investors and hedge funds.

IHS Stock Performance

Shares of IHS stock opened at $8.47 on Wednesday. IHS has a one year low of $5.71 and a one year high of $8.95. The company has a market cap of $2.87 billion, a P/E ratio of 21.19 and a beta of 0.73. The firm has a fifty day moving average of $8.44 and a two-hundred day moving average of $8.28.

IHS (NYSE:IHS - Get Free Report) last issued its earnings results on Monday, August 10th. The business services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.16). IHS had a net margin of 8.17% and a negative return on equity of 832.09%. The firm had revenue of $428.60 million during the quarter, compared to analysts' expectations of $442.72 million.

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.

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