Rating Flow: IRSA Inversiones (IRS)’s Is Reaching An Inflection Point; Morgan Stanley Upgrades It

November 23, 2016 - By Ellis Scott

Rating Flow:  IRSA Inversiones (IRS)'s Is Reaching An Inflection Point; Morgan Stanley Upgrades It

IRSA Inversiones (IRS) Upgrade

In analysts note revealed to clients today, Morgan Stanley increased shares of IRSA Inversiones (IRS) to a “Overweight” rating from “Equal-Weight” rating.

About 21,710 shares traded hands. Irsa Inversiones y Rprsntcins SA (ADR) (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 $1.09 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.”

IRS Company Profile

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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