IHS (NYSE:IHS – Get Free Report) was upgraded by Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.
Separately, Weiss Ratings upgraded IHS from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, IHS has a consensus rating of “Hold” and an average target price of $8.80.
IHS Trading Up 0.1%
Shares of IHS opened at $8.45 on Friday. The business’s fifty day simple moving average is $8.41 and its two-hundred day simple moving average is $8.31. IHS has a 12 month low of $5.71 and a 12 month high of $8.95. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 21.11 and a beta of 0.74.
IHS (NYSE:IHS – Get Free Report) last posted its earnings results on Monday, August 10th. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). The business had revenue of $428.60 million during the quarter, compared to the consensus estimate of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.
Institutional Investors Weigh In On IHS
A number of hedge funds have recently added to or reduced their stakes in IHS. CWA Asset Management Group LLC lifted its holdings 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 valued at $932,000 after buying an additional 8,552 shares during the period. Cyndeo Wealth Partners LLC purchased a new position in shares of IHS in the 3rd quarter worth $100,000. Squarepoint Ops LLC grew its holdings in shares of IHS by 60.6% in the second quarter. Squarepoint Ops LLC now owns 1,149,563 shares of the business services provider’s stock worth $9,472,000 after acquiring an additional 433,811 shares during the period. Corient Private Wealth LP grew its holdings in shares of IHS by 9.2% in the second quarter. Corient Private Wealth LP now owns 49,156 shares of the business services provider’s stock worth $405,000 after acquiring an additional 4,156 shares during the period. Finally, Groupe la Francaise grew its holdings in shares of IHS by 48.0% in the second quarter. Groupe la Francaise now owns 917,096 shares of the business services provider’s stock worth $7,557,000 after acquiring an additional 297,298 shares during the period. 17.54% of the stock is currently owned by hedge funds and other institutional investors.
IHS Company Profile
IHS Holding Limited, which trades on the New York Stock Exchange under the symbol IHS, is a telecommunications infrastructure company operating under the IHS Towers brand. The company develops, owns and manages shared communications infrastructure used by mobile network operators and other wireless service providers.
Its portfolio primarily includes telecommunications towers and related infrastructure, along with services such as site leasing, tower operations, maintenance, power management and network deployment support.
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