IHS Holding (IHS)

• Market cap: $1.54B
• 1 day: 5.73%
• 5 days: -9.96%
• 1 month: 34.01%
• 3 months: 46.82%
• 6 months: 53.16%
• Year to date: 44.97%
• 1 year: 29.49%
• 5 years: -72.88%
• 10 years: -96.25%
• Sector: Communication Services
• Industry: Telecom Services

About: IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria, Sub-Saharan Africa, the Middle East and North Africa (MENA), and Latin America (Latam). The majority of its revenue is derived from Nigeria.

Employees: 2,864

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

267% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 6

123% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 13

24% more funds holding

Funds holding: 59 [Q3] → 73 (+14) [Q4]

1.02% more ownership

Funds ownership: 13.96% [Q3] → 14.98% (+1.02%) [Q4]

5% more capital invested

Capital invested by funds: $139M [Q3] → $146M (+$6.6M) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]

100% less call options, than puts

Call options by funds: $64K | Put options by funds: $14.9M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 13% downside
• Avg. target: $5.50 19% upside
• High target: $7 52% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Barclays Maurice Patrick 0% 1-year accuracy 0 / 1 met price target	52% upside $7	Overweight Maintained	27 Mar 2025
Goldman Sachs Brett Feldman 0 / 0 met price target	13% downside $4	Neutral Maintained	19 Mar 2025