ValuEngine upgraded shares of IRSA Propiedades Comerciales (NASDAQ:IRCP) from a sell rating to a hold rating in a report issued on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research cut EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd.

Shares of NASDAQ IRCP traded up $0.01 during trading on Monday, reaching $21.38. 2,638 shares of the stock traded hands, compared to its average volume of 19,068. IRSA Propiedades Comerciales has a 52-week low of $16.82 and a 52-week high of $37.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.36 and a quick ratio of 4.35. The firm has a 50-day moving average of $19.17. The stock has a market cap of $673.56 million, a PE ratio of 1.03 and a beta of 0.56.

IRSA Propiedades Comerciales (NASDAQ:IRCP) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported ($0.32) EPS for the quarter. IRSA Propiedades Comerciales had a net margin of 121.57% and a return on equity of 15.59%. The firm had revenue of $51.49 million for the quarter. Equities analysts anticipate that IRSA Propiedades Comerciales will post -2.14 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in IRSA Propiedades Comerciales during the 4th quarter worth about $74,000. 683 Capital Management LLC lifted its holdings in IRSA Propiedades Comerciales by 76.8% during the 4th quarter. 683 Capital Management LLC now owns 72,050 shares of the financial services provider’s stock worth $1,299,000 after purchasing an additional 31,303 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in IRSA Propiedades Comerciales during the 4th quarter worth about $1,010,000. Finally, VR Advisory Services Ltd purchased a new stake in IRSA Propiedades Comerciales during the 4th quarter worth about $932,000. 5.73% of the stock is currently owned by institutional investors and hedge funds.

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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