Eros International PLC (NYSE:EROS) Upgraded at Zacks Investment Research
Eros International PLC (NYSE:EROS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom. “
A number of other equities analysts have also recently weighed in on EROS. Jefferies Group LLC restated a “buy” rating and set a $18.00 price objective on shares of Eros International PLC in a research report on Monday, April 24th. ValuEngine cut shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Eros International PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, TheStreet cut shares of Eros International PLC from a “c” rating to a “d+” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.33.
Shares of Eros International PLC (NYSE:EROS) traded up 0.53% during trading on Tuesday, hitting $9.40. 1,267,671 shares of the company’s stock were exchanged. The company has a market cap of $558.71 million, a P/E ratio of 184.31 and a beta of 0.49. Eros International PLC has a 12-month low of $8.05 and a 12-month high of $19.87. The company has a 50-day moving average of $11.51 and a 200-day moving average of $10.88.
Large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Eros International PLC by 3.8% in the fourth quarter. State Street Corp now owns 471,850 shares of the company’s stock worth $6,157,000 after buying an additional 17,405 shares during the period. Teachers Advisors LLC boosted its stake in shares of Eros International PLC by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock worth $718,000 after buying an additional 11,159 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Eros International PLC by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after buying an additional 3,897 shares during the period. American International Group Inc. boosted its stake in shares of Eros International PLC by 7.1% in the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after buying an additional 1,205 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Eros International PLC during the first quarter worth approximately $882,000. Institutional investors and hedge funds own 69.26% of the company’s stock.
About Eros International PLC
Eros International Plc (Eros) is a holding company, which serves the Indian film entertainment industry. The Company’s principal activities include the acquisition, co-production and distribution of Indian films and related content. It distributes its film content through the distribution channels, such as theatrical, including multiplex chains and standalone theaters; television syndication, including satellite television broadcasting, cable television and terrestrial television; digital and ancillary, including music, inflight entertainment, home video, Internet protocol television (IPTV), video on demand (VOD), and Internet channels and Eros Now.
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