Goldman initiated coverage on IHS Holding Limited with a new price target
$IHS
Telecommunications Equipment
Telecommunications
Goldman initiated coverage of IHS Holding Limited with a rating of Neutral and set a new price target of $3.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/28/2024 | $5.00 | Buy | Citigroup |
| 7/1/2024 | $3.50 | Neutral | Goldman |
| 11/9/2022 | $12.00 | Overweight | Wells Fargo |
| 6/10/2022 | $22.00 | Buy | Tigress Financial |
| 11/18/2021 | $20.00 → $22.00 | Neutral → Overweight | JP Morgan |
| 11/8/2021 | $22.00 | Buy | Citigroup |
| 11/8/2021 | $24.00 | Overweight | Barclays |
| 11/8/2021 | $29.00 | Buy | Goldman Sachs |
$550 million of 7.875% Senior Notes due 2030 $650 million of 8.250% Senior Notes due 2031 IHS Holding Limited (NYSE:IHS) ("IHS Towers", and together with its subsidiaries, the "Group") announced today that it has successfully priced its offering of $550 million 7.875% Senior Notes due 2030 at a yield of 8.150% (the "2030 Notes") and $650 million 8.250% Senior Notes due 2031 at a yield of 8.500% (the "2031 Notes" and, together with the 2030 Notes, the "Notes"), in the case of the 2030 Notes, at an issue price of 98.800% and in the case of the 2031 Notes, at an issue price of 98.701%. Interest on the 2030 Notes will accrue from the Issue Date (as defined below) at a rate of 7.875% per a
IHS Holding Limited (NYSE:IHS), ("IHS Towers"), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, rated B+ (Stable) by S&P and B+ (Stable) by Fitch, has mandated Citi, Goldman Sachs Bank Europe SE, Rand Merchant Bank and Standard Chartered Bank as Joint Global Coordinators and Joint Bookrunners to organize a Global Investor Call at 3:00pm UK time on Tuesday, November 12, 2024, along with a series of fixed income investor meetings. A potential dual-tranche 5.5NC2 and 7NC3 Reg S / 144A USD benchmark Senior Notes offering will follow, subject to market conditions. Together with the Joint Global Coordinators, J.
CONSOLIDATED HIGHLIGHTS – THIRD QUARTER 2024 Revenue of $420.3 million declined 3.5% compared to the second quarter of 2024 with continued growth in revenue from Colocation, Lease Amendments and New Sites partially offsetting the initial impact of the new financial terms in the renewed and extended contracts with MTN Nigeria signed during this quarter. Revenue decreased by 10.0% (or increased by 49.0% organically) year-on-year, with foreign exchange ("FX") resets and escalations, captured within organic growth, helping to mitigate the impact of the 52.0% devaluation of the Nigerian Naira ("NGN") Adjusted EBITDA of $246.0 million (58.5% Adjusted EBITDA Margin) increased 3.3% year-on-ye
SC 13G/A - IHS Holding Ltd (0001876183) (Subject)
SC 13G/A - IHS Holding Ltd (0001876183) (Subject)
SC 13G/A - IHS Holding Ltd (0001876183) (Subject)
CONSOLIDATED HIGHLIGHTS – THIRD QUARTER 2024 Revenue of $420.3 million declined 3.5% compared to the second quarter of 2024 with continued growth in revenue from Colocation, Lease Amendments and New Sites partially offsetting the initial impact of the new financial terms in the renewed and extended contracts with MTN Nigeria signed during this quarter. Revenue decreased by 10.0% (or increased by 49.0% organically) year-on-year, with foreign exchange ("FX") resets and escalations, captured within organic growth, helping to mitigate the impact of the 52.0% devaluation of the Nigerian Naira ("NGN") Adjusted EBITDA of $246.0 million (58.5% Adjusted EBITDA Margin) increased 3.3% year-on-ye
IHS Holding Limited (the "Company") hereby announces that its financial results for the three month period ended September 30, 2024 (the "3Q24 Earnings Results") are scheduled to be released to the news services and our website at or around 6am ET (11am UK time) on Tuesday, November 12, 2024. Additionally, a conference call and webcast to discuss the 3Q24 Earnings Results will take place on Tuesday, November 12, 2024, at 8.30am ET (13.30pm UK time). The conference call dial-in numbers are +1 646 307 1963 (U.S./Canada) or +44 20 3481 4247 (UK/International). The call ID is 5159017. To register for the webcast please click here. View source version on businesswire.com: https://www.business
Consolidated Highlights – Second Quarter 2024 Revenue of $435.4 million increased 4.2% compared to the first quarter of 2024. Revenue decreased by 20.3% (or increased by 69.3% organically) compared to the second quarter of 2023, reflecting a $490.0 million year-on-year foreign exchange ("FX") headwind, largely as a result of the 63.5% devaluation of the Nigerian Naira ("NGN"), partially offset by $354.7 million FX resets and escalations captured within organic growth. Adjusted EBITDA of $250.8 million (57.6% Adjusted EBITDA Margin) decreased from the second quarter of 2023 by 11.9%, reflecting a $307.2 million year-on-year FX headwind largely as a result of the devaluation of the NGN
Analysts' ratings for IHS Holding (NYSE:IHS) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 2 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $10.62, a high estimate of $15.00, and a low estimate of $6.00. A 21.33% drop is evident in the current average co
TD Cowen analyst Colby Synesael maintains IHS Holding (NYSE:IHS) with a Buy and lowers the price target from $15 to $13.
Shares of Alibaba Group Holding Limited (NYSE:BABA) fell sharply during Tuesday's session following mixed first-quarter financial results. The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41, according to data from Benzinga Pro. Alibaba Group shares tumbled 6.8% to $78.86 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares jumped 352.4% to $5.34 as the company reported pricing of $8.19 million
Citigroup resumed coverage of IHS Holding Limited with a rating of Buy and set a new price target of $5.00
Goldman initiated coverage of IHS Holding Limited with a rating of Neutral and set a new price target of $3.50
Wells Fargo initiated coverage of IHS Holding Limited with a rating of Overweight and set a new price target of $12.00
6-K - IHS Holding Ltd (0001876183) (Filer)
6-K - IHS Holding Ltd (0001876183) (Filer)
6-K - IHS Holding Ltd (0001876183) (Filer)
IHS Holding Limited (NYSE:IHS) ("IHS Towers"), one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today announced a one-year partnership with the Limitless Space Institute (LSI), a non-profit education and research organization. This partnership will commence in January 2024 and is designed to help broaden access to space education in our two largest markets. Through this collaboration, 20 science, technology, engineering, and mathematics (STEM) educators from Brazil and Nigeria will be invited to join the 12-month Limitless Global Educator Program and access a carefully curated space education curricul
IHS Holding Limited (NYSE:IHS) ("IHS Towers"), one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count, today announces the appointment of Colby Synesael as Senior Vice President of Communications effective March 1, 2022. Based in New York City, Colby will be responsible for further developing the Group's Investor Relations practice and the existing Communications & Sustainability team. He will be reporting to the company CFO and will also work closely with Sam Darwish, Chairman and CEO, in addition to becoming a member of IHS Towers' Executive Management Committee. The appointment is part of a broader initiat
IHS Holding Limited (NYSE:IHS) ("IHS Towers"), one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count, announces the appointment of Sandile Msimango as Vice President and CEO, IHS South Africa. Based in Johannesburg, Sandile will be leading IHS' South African operations reporting directly to Executive Vice President, Group Chief Operating Officer, William Saad. His appointment follows the announcement on November 17, 2021, of IHS' signed agreements to acquire 5,709 telecommunication towers in South Africa from Mobile Telephone Networks Proprietary Limited ("MTN"), one of the leading mobile telecommunications o