Irsa Inversiones y Rprsntcins SA (ADR) (IRS) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jul 21, 2016.
Irsa Inversiones y Rprsntcins SA (ADR) closed down -0.29 points or -1.53% at $18.61 with 29,975 shares getting traded on Wednesday. Post opening the session at $18.85, the shares hit an intraday low of $18.195 and an intraday high of $19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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. The Company operates in six segments: Shopping Centers Office and Other Rentals Development and Sale of Properties Hotels International and Financial Operations and Others.