Shares of Eros International plc (NYSE:EROS) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.00.
A number of analysts have weighed in on EROS shares. BidaskClub raised Eros International from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Zacks Investment Research cut Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, ValuEngine cut Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
Shares of Eros International (EROS) opened at $12.25 on Monday. Eros International has a 1 year low of $6.65 and a 1 year high of $16.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $750.18, a P/E ratio of 408.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.73.
Institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its position in Eros International by 36.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock worth $345,000 after acquiring an additional 8,041 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Eros International in the 3rd quarter valued at approximately $1,605,000. State Street Corp lifted its holdings in shares of Eros International by 7.1% in the 2nd 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. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Eros International by 64.7% in the 3rd 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 during the period. 60.19% of the stock is owned by institutional investors.
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About Eros International
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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