Irsa Inversiones y Rprsntcins (NYSE:IRS) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, Marketbeat Ratings reports.

Several other equities research analysts have also recently weighed in on IRS. TheStreet cut shares of Irsa Inversiones y Rprsntcins from a “b” rating to a “c” rating in a research report on Thursday, January 4th. ValuEngine raised shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research lowered shares of Irsa Inversiones y Rprsntcins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Irsa Inversiones y Rprsntcins currently has an average rating of “Hold”.

Shares of Irsa Inversiones y Rprsntcins (IRS) opened at $25.34 on Thursday. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.62 and a quick ratio of 1.62. Irsa Inversiones y Rprsntcins has a 1 year low of $21.22 and a 1 year high of $32.97.

Irsa Inversiones y Rprsntcins (NYSE:IRS) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.54 earnings per share for the quarter. The firm had revenue of $1.17 billion during the quarter. Irsa Inversiones y Rprsntcins had a net margin of 5.65% and a return on equity of 11.19%. equities research analysts forecast that Irsa Inversiones y Rprsntcins will post 1.2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Atria Investments LLC bought a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter valued at about $204,000. Acadian Asset Management LLC bought a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter valued at about $274,000. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $562,000 after purchasing an additional 3,300 shares during the last quarter. Glen Point Capital LLP bought a new position in shares of Irsa Inversiones y Rprsntcins in the 3rd quarter valued at about $1,478,000. Finally, Global X Management Co. LLC boosted its stake in shares of Irsa Inversiones y Rprsntcins by 23.1% in the 4th quarter. Global X Management Co. LLC now owns 134,977 shares of the financial services provider’s stock valued at $3,995,000 after purchasing an additional 25,314 shares during the last quarter. 19.78% 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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