Goldman Sachs initiated coverage on IHS Holding with a new price target
$IHS
Telecommunications Equipment
Telecommunications
Goldman Sachs initiated coverage of IHS Holding with a rating of Buy and set a new price target of $29.00
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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 |
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
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
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
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 the completion of the sale of IHS Towers' 70% interest in IHS Kuwait Limited ("IHS Kuwait") including its approximate 1,675 sites and an additional approximately 700 sites managed in Kuwait to Zain Group. The sale of the company's Kuwait operations is part of IHS Towers' ongoing strategic review targeted at shareholder value-creation options. About IHS Towers: IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world
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 signed a definitive agreement to sell IHS Towers' 70% interest in IHS Kuwait Limited ("IHS Kuwait") including its approximate 1,675 sites and an additional approximately 700 sites managed in Kuwait to Zain Group. The transaction is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the first half of 2025. The terms of the transaction reflect an enterprise value1 of $230 million for the IHS Kuwait portfolio, implying a transaction multiple of 1
$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
6-K - IHS Holding Ltd (0001876183) (Filer)
6-K - IHS Holding Ltd (0001876183) (Filer)
6-K - IHS Holding Ltd (0001876183) (Filer)