Eros International (NYSE:EROS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Tuesday.

A number of other research firms have also commented on EROS. Zacks Investment Research lowered shares of Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $17.00 price objective (up from $16.00) on shares of Eros International in a research note on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and issued a $17.00 price objective (up from $15.00) on shares of Eros International in a research note on Monday, October 9th. Finally, BidaskClub lowered shares of Eros International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.00.

Shares of Eros International (EROS) traded down $0.05 during midday trading on Tuesday, reaching $10.00. 626,049 shares of the company’s stock traded hands, compared to its average volume of 475,909. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. Eros International has a 1 year low of $6.65 and a 1 year high of $16.90. The firm has a market cap of $515.26, a PE ratio of 250.00, a P/E/G ratio of 3.42 and a beta of 0.57.

Eros International (NYSE:EROS) last announced its quarterly earnings results on Friday, October 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). Eros International had a net margin of 0.96% and a return on equity of 0.22%. The business had revenue of $60.83 million during the quarter. analysts expect that Eros International will post 0.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Eros International by 64.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after buying an additional 1,621,460 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Eros International in the third quarter valued at $1,605,000. Van ECK Associates Corp lifted its stake in shares of Eros International by 31.4% in 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 in the last quarter. State Street Corp lifted its stake in shares of Eros International by 7.1% in 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 in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Eros International by 36.4% in 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 in the last quarter. 60.49% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/17/eros-international-eros-stock-rating-lowered-by-valuengine.html.

Eros International 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.

Receive News & Ratings for Eros International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eros International and related companies with MarketBeat.com's FREE daily email newsletter.