IHS Holding Ltd (IHS) is trading 7% higher at $7.82 today. The Communication Services sector is having a generally somewhat melancholic day, this hasn't really affected the stock's share price, as it rapidly outrunning other names in the space.

The price may be moving on the heels of the recent earnings call on August 16, as well as a series of subsequent raises in price target. The fact that the price is rising despite a strengthening market selloff is a strong signal that traders are bullish on the telecom infrastructure company. 

IHS Holding Ltd has been trading between a 52-week high of $18.48 and a 52-week low of $7.22. The stock has a market cap of $2.56 Billion.

IHS Towers is one of the largest independent owners, operators and developers of shared telecommunications infrastructure in the world by tower count, with more than 30,200 towers across nine markets as of June 30, 2021. IHS Towers continues to grow and develop its existing positions and offerings in Brazil, Colombia, Peru, Cameroon, Côte d’Ivoire, Nigeria, Rwanda, Zambia and Kuwait. 

Brazil telecom towers auction expected to draw U.S. bids – report
FX Empire 08-19-22

IHS Holding Limited (INFO) Q2 2022 Earnings Call Transcript
AlphaStreet 08-17-22

IHS Holding PT Raised to $27 at Cowen
Investing.com 08-17-22

IHS Holding PT Lowered to $15 at Goldman Sachs
Investing.com 08-17-22

IHS Holding GAAP EPS of -$0.53, revenue of $467.7M beats by $5.01M
Seeking Alpha 08-16-22