November 23, 2016 - By Michael Collier
Morgan Stanley has increased IRSA Investments and Representations Inc (NYSE:IRS) stock to Overweight in an analyst note sent to clients and investors on Wednesday morning. IRS’s old rating was Equal-Weight.
Out of 2 analysts covering IRSA Inversiones (NYSE:IRS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. IRSA Inversiones has been the topic of 3 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Hold” on Monday, September 7. Morgan Stanley downgraded the shares of IRS in a report on Thursday, July 21 to “Equal-Weight” rating. The rating was downgraded by Morgan Stanley to “Overweight” on Tuesday, August 11.
About 101,268 shares traded hands or 36.55% up from the average. Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) has risen 18.86% since April 21, 2016 and is uptrending. It has outperformed by 13.53% the S&P500.
IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The company has a market cap of $1.07 billion. The Firm invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. It currently has negative earnings.
According to Zacks Investment Research, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil.”
IRSA Inversiones y Representaciones Sociedad Anonima, incorporated on June 23, 1943, is a holding company. The Firm invests on its own behalf and through investee companies in companies mainly operating in various sectors of the Israeli and global economy. The Company’s divisions include Cellcom, Property and Buildings and projects in Las Vegas, Shufersal, Adama, Clal Insurance Enterprise Holdings and Others.
Another recent and important Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) news was published by Benzinga.com which published an article titled: “40 Big Brands Likely Returning To Argentina With The Government Change” on December 08, 2015.
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