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Enter Symbol:
Cresud S.a.c.i.f. Y A. (CRESY) [hlAlert]

down 32.72 %

Cresud S.a.c.i.f. Y A. (CRESY) upgraded to Overweight by HSBC Securities

Posted on: Monday,  Mar 24, 2008  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Cresud S.a.c.i.f. Y A. (NASDAQ: CRESY) on 03/24/2008, when the stock price was $15.43.
Since then, Cresud S.a.c.i.f. Y A. has lost 32.73% as of 08/27/2015's recent price of $10.38.
If you would have followed this HSBC Securities's recommendation on CRESY, you would have lost 32.72% of your investment in 2712 days.

Cresud SACIF y A (Cresud) is an Argentinean company engaged in the acquisition and exploitation of agricultural properties; as well as in optimizing the productivity of its agricultural properties through the implementation of agricultural technologies. Its property portfolio comprises 19 farms located in the provinces of Salta, Chaco, Santa Fe, Cordoba, Entre Rios, Buenos Aires, La Pampa, San Luis, Catamarca and Santa Cruz. Its business is mainly based on the production of grain crops, beef cattle and milk. In addition, it is involved in the real estate sector. It owns such subsidiaries as IRSA Inversiones y Representaciones SA, Inversiones Ganaderas SA, Futuros y SA, Agropecuaria Anta SA and Agrology SA. It also holds interests in Cactus Argentina SA, Agro Uranga SA, Companhia Brasileira de Propriedades Agricolas SA (BrasilAgro), FyO Trading SA and Exportaciones Agroindustriales Argentinas SA. It has operations established in Brazil, Boliva, Paraguay and Uruguay.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2008 8:25 AM Buy
as of 12/24/2008
1 Week down  -0.82 %
1 Month down  -0.41 %
3 Months down  -2.94 %
1 YTD down  -19.10 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/19/2007 9:25 AM Hold

(*) Stock Price at the time of the recommendation.
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