Somewhat Favorable News Coverage Somewhat Unlikely to Impact IRSA Propiedades Comerciales (IRCP) Stock Price

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Media coverage about IRSA Propiedades Comerciales (NASDAQ:IRCP) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IRSA Propiedades Comerciales earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.9143971309005 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of IRSA Propiedades Comerciales stock traded up $0.73 on Thursday, reaching $25.73. The company’s stock had a trading volume of 7,925 shares, compared to its average volume of 7,441. The firm has a market cap of $855.52 million, a price-to-earnings ratio of 1.24 and a beta of 0.28. IRSA Propiedades Comerciales has a 52 week low of $24.30 and a 52 week high of $64.68. The company has a current ratio of 4.32, a quick ratio of 4.31 and a debt-to-equity ratio of 0.29.

A number of analysts have commented on IRCP shares. JPMorgan Chase & Co. reduced their target price on IRSA Propiedades Comerciales from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Tuesday, May 29th. ValuEngine lowered IRSA Propiedades Comerciales from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd.

IRSA Propiedades Comerciales Company Profile

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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