Eros International PLC (NYSE:EROS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

EROS has been the subject of several other reports. BidaskClub lowered shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Wells Fargo & Company restated an “outperform” rating on shares of Eros International PLC in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Eros International PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Eros International PLC in a research report on Monday, October 9th. Finally, TheStreet lowered shares of Eros International PLC from a “c” rating to a “d+” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Eros International PLC has a consensus rating of “Hold” and a consensus target price of $17.00.

Eros International PLC (NYSE:EROS) traded down 2.46% during midday trading on Friday, hitting $11.90. The company had a trading volume of 349,247 shares. Eros International PLC has a 52 week low of $6.65 and a 52 week high of $18.85. The firm’s market capitalization is $721.47 million. The firm’s 50 day moving average is $13.77 and its 200-day moving average is $11.19.

Eros International PLC (NYSE:EROS) last announced its earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Eros International PLC had a return on equity of 0.03% and a net margin of 0.20%. The company had revenue of $60.83 million during the quarter. On average, equities research analysts expect that Eros International PLC will post $0.18 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of EROS. Gilder Gagnon Howe & Co. LLC purchased a new stake in Eros International PLC during the second quarter valued at about $28,711,000. Van ECK Associates Corp boosted its position in Eros International PLC by 31.4% during the second quarter. Van ECK Associates Corp now owns 273,294 shares of the company’s stock valued at $912,000 after buying an additional 65,253 shares during the period. State Street Corp boosted its position in Eros International PLC by 7.1% during the second quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after buying an additional 34,838 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Eros International PLC during the first quarter valued at about $256,000. Finally, Parametric Portfolio Associates LLC boosted its position in Eros International PLC by 36.4% during the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares during the period. Institutional investors and hedge funds own 54.93% of the company’s stock.

Eros International PLC Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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