CRESY - Cresud S.A.C.I.F. y A. American Depositary Shares each representing ten shares of Common Stock Looks to Continue to Trade Above its Annual-High Share Price Today
Cresud S.A.C.I.F. y A. American Depositary Shares each representing ten shares of Common Stock (NASDAQ:CRESY) traded today at a new 52-week high of $9.24. So far today approximately 105,000 shares have been exchanged, as compared to an average 30-day volume of 172,000 shares.
In the past 52 weeks, Cresud S.A.C.I.F. y A. American Depositary Shares each representing ten shares of Common Stock share prices are bracketed by a low of $4.00 and a high of $9.24 and is now at $8.50, 113% above that low price.
Cresud SACIF y A is engaged in a diversified business. The company's operating segment includes Agricultural business; Operations Center in Argentina and Operations Center in Israel. It generates maximum revenue from the Telecommunications division which is in the Operations Center in Israel segment. The Operations Center in Israel segment includes subdivisions namely Real Estate; Telecommunications; Others and Corporate. The Telecommunications division includes Cellcom whose main activities include the provision of mobile phone services, fixed line phone services, data and Internet and television, and others.
Based on a current price of $8.50, Cresud S.A.C.I.F. y A. American Depositary Shares each representing ten shares of Common Stock is currently 29.7% above its average consensus analyst price target of $5.98.
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