Eros International PLC (EROS) Stock Rating Lowered by Zacks Investment Research
Eros International PLC (NYSE:EROS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors 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. “
Other research analysts have also recently issued research reports about the company. Jefferies Group LLC restated a “buy” rating and set a $17.00 price objective (up previously from $15.00) on shares of Eros International PLC in a research note on Monday. TheStreet cut Eros International PLC from a “c” rating to a “d+” rating in a research note on Friday, July 28th. BidaskClub cut Eros International PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine upgraded Eros International PLC from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $17.00 price objective (up previously from $16.00) on shares of Eros International PLC in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Eros International PLC currently has a consensus rating of “Hold” and an average price target of $17.00.
Eros International PLC (NYSE:EROS) traded up 2.06% during trading on Tuesday, reaching $14.85. The company had a trading volume of 807,299 shares. The company has a market capitalization of $882.64 million, a P/E ratio of 291.18 and a beta of 0.62. Eros International PLC has a 12 month low of $6.65 and a 12 month high of $18.85. The firm’s 50 day moving average is $12.39 and its 200-day moving average is $10.87.
Eros International PLC (NYSE:EROS) last issued its earnings results on Friday, October 6th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Eros International PLC had a net margin of 0.20% and a return on equity of 0.03%. The firm had revenue of $60.83 million during the quarter. On average, equities analysts expect that Eros International PLC will post $0.18 earnings per share for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its stake in shares of Eros International PLC by 7.1% during the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock worth $188,000 after purchasing an additional 1,205 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in shares of Eros International PLC by 34.8% during the first quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock worth $214,000 after purchasing an additional 5,350 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Eros International PLC during the first quarter worth about $256,000. Parametric Portfolio Associates LLC lifted its stake in shares of Eros International PLC by 36.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after purchasing an additional 8,041 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Eros International PLC by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after purchasing an additional 3,897 shares in the last quarter. Institutional investors own 56.08% 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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