Zacks: Irsa Inversiones y Rprsntcins SA (IRS) Given Consensus Rating of “Hold” by Brokerages

Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Irsa Inversiones y Rprsntcins’ rating score has declined by 200% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price target of $30.00 for the company, according to Zacks. Zacks has also given Irsa Inversiones y Rprsntcins an industry rank of 117 out of 265 based on the ratings given to its competitors.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Tuesday. Morgan Stanley downgraded shares of Irsa Inversiones y Rprsntcins from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 8th. TheStreet raised shares of Irsa Inversiones y Rprsntcins from a “c” rating to a “b” rating in a report on Friday, November 17th. Finally, ValuEngine raised shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “buy” rating in a report on Thursday, November 16th.

Irsa Inversiones y Rprsntcins (IRS) opened at $27.26 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.57. Irsa Inversiones y Rprsntcins has a fifty-two week low of $21.22 and a fifty-two week high of $32.97.

Several large investors have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 0.7% in the 2nd quarter. Northern Trust Corp now owns 212,067 shares of the financial services provider’s stock worth $5,116,000 after buying an additional 1,371 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 16.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,292 shares of the financial services provider’s stock worth $562,000 after buying an additional 3,300 shares during the last quarter. Dumac Inc. boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 10.5% in the 4th quarter. Dumac Inc. now owns 71,529 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 6,820 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter worth about $204,000. Finally, Eaton Vance Management purchased a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter worth about $215,000. 19.58% of the stock is currently owned by institutional investors.

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Irsa Inversiones y Rprsntcins Company Profile

IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The Company invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. The Company’s segments are Cellcom, which includes cellular telephone services, content and added value services, other services and revenues from the sale of end user equipment in the cellular field; Property and Buildings and projects in Las Vegas, which includes the rental of income-generating properties and residential buildings; Shufersal, which includes retail and the rental of income-generating properties; Adama, which includes the sale of agro products and non-agro products; Clal Insurance Enterprise Holdings, which operates through subsidiary companies in the fields of insurance, pensions and provident funds, in the field of financial services and in the holding of assets and real businesses, and Others.

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