Shares of IRSA Propiedades Comerciales SA (NASDAQ:IRCP) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a 1 year consensus price target of $25.00 for the company, according to Zacks. Zacks has also given IRSA Propiedades Comerciales an industry rank of 24 out of 255 based on the ratings given to its competitors.

A number of equities research analysts recently commented on IRCP shares. Santander lowered IRSA Propiedades Comerciales from a “hold” rating to an “underperform” rating in a research report on Thursday, December 6th. Zacks Investment Research lowered IRSA Propiedades Comerciales from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Finally, ValuEngine lowered IRSA Propiedades Comerciales from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.

NASDAQ IRCP remained flat at $$22.00 on Friday. The company had a trading volume of 6,070 shares, compared to its average volume of 14,966. The stock has a market cap of $693.09 million, a price-to-earnings ratio of 1.06 and a beta of 0.55. IRSA Propiedades Comerciales has a twelve month low of $16.82 and a twelve month high of $47.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.17 and a quick ratio of 6.16.

IRSA Propiedades Comerciales (NASDAQ:IRCP) last released its quarterly earnings results on Friday, February 22nd. The financial services provider reported ($4.25) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($4.60). The company had revenue of $46.04 million during the quarter, compared to analysts’ expectations of $54.51 million. IRSA Propiedades Comerciales had a net margin of 140.70% and a return on equity of 15.40%. As a group, research analysts anticipate that IRSA Propiedades Comerciales will post -1.93 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in IRCP. BlackRock Inc. bought a new position in IRSA Propiedades Comerciales in the 4th quarter valued at $74,000. City of London Investment Management Co. Ltd. bought a new position in IRSA Propiedades Comerciales in the 4th quarter valued at $480,000. VR Advisory Services Ltd bought a new position in IRSA Propiedades Comerciales in the 4th quarter valued at $932,000. Macquarie Group Ltd. bought a new position in IRSA Propiedades Comerciales in the 4th quarter valued at $1,010,000. Finally, 683 Capital Management LLC grew its stake in IRSA Propiedades Comerciales by 76.8% in the 4th quarter. 683 Capital Management LLC now owns 72,050 shares of the financial services provider’s stock valued at $1,299,000 after purchasing an additional 31,303 shares during the period. Hedge funds and other institutional investors own 7.97% of the company’s stock.

About IRSA Propiedades Comerciales

IRSA Propiedades Comerciales SA operates as an investment arm of IRSA Inversiones y Representaciones SA Alto Palermo SA engages in the ownership, acquisition, development, leasing, management, and operation of shopping centers, as well as residential and commercial complexes in Argentina. As of June 30, 2007, it owned and operated ten shopping centers covering a total of 264,995 square meters in Argentina, including six in the Buenos Aires metropolitan area and four in the provinces of Cordoba, Mendoza, Salta, and Santa Fe; and a condominium called Torres de Abasto located in front of the Abasto Shopping Center in Buenos Aires.

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