Trade Report: Today: IRSA Inversiones y Representaciones SA (IRS) Upgraded at Zacks Investment Research

Today: IRSA Inversiones y Representaciones SA (IRS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) from a hold rating to a buy rating in a research report report published on Tuesday morning. They currently have $21.00 price objective on the stock.

According to Zacks, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil. “

A number of other equities research analysts have also recently commented on the company. TheStreet raised IRSA Inversiones y Representaciones SA from a sell rating to a hold rating in a research note on Friday, August 26th. Morgan Stanley cut IRSA Inversiones y Representaciones SA from an overweight rating to an equal weight rating in a research note on Thursday, July 21st.

IRSA Inversiones y Representaciones SA (NYSE:IRS) opened at 19.645 on Tuesday. IRSA Inversiones y Representaciones SA has a 12-month low of $8.09 and a 12-month high of $19.98. The stock’s market cap is $1.13 billion. The firm’s 50-day moving average price is $18.78 and its 200-day moving average price is $16.78.

Several large investors have recently added to or reduced their stakes in IRS. Dynamic Technology Lab Private Ltd acquired a new stake in IRSA Inversiones y Representaciones SA during the second quarter valued at approximately $184,000. Levin Capital Strategies L.P. boosted its stake in IRSA Inversiones y Representaciones SA by 15.3% in the second quarter. Levin Capital Strategies L.P. now owns 24,083 shares of the company’s stock valued at $405,000 after buying an additional 3,200 shares during the period. Dorsey Wright & Associates acquired a new stake in IRSA Inversiones y Representaciones SA during the third quarter valued at approximately $466,000. FMR LLC boosted its stake in IRSA Inversiones y Representaciones SA by 50.2% in the second quarter. FMR LLC now owns 30,200 shares of the company’s stock valued at $508,000 after buying an additional 10,100 shares during the period. Finally, BlackRock Inc. boosted its stake in IRSA Inversiones y Representaciones SA by 1.8% in the first quarter. BlackRock Inc. now owns 71,294 shares of the company’s stock valued at $1,067,000 after buying an additional 1,287 shares during the period. 17.40% of the stock is currently owned by institutional investors.

About IRSA Inversiones y Representaciones SA

Irsa Inversiones y Representaciones Sociedad Anonima (IRSA) is a real estate company. The Company is engaged, directly and indirectly through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including the acquisition, development and operation of shopping centers; the development and sale of residential properties; the acquisition and development of office and other non-shopping center properties primarily for rental purposes; the acquisition and operation of luxury hotels; the acquisition of undeveloped land reserves for future development or sale, and selected real estate investments outside Argentina.

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