Eros International PLC (EROS) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Eros International PLC (NYSE:EROS) from a sell rating to a hold rating in a research report sent to investors on Friday, November 3rd.

EROS has been the subject of several other research reports. Zacks Investment Research cut shares of Eros International PLC from a hold rating to a strong sell rating in a research note on Tuesday, October 10th. ValuEngine upgraded shares of Eros International PLC from a sell rating to a hold rating in a research note on Monday, September 18th. Wells Fargo & Company reiterated an outperform rating and issued a $17.00 price objective (up previously from $16.00) on shares of Eros International PLC in a research note on Monday, October 9th. Jefferies Group LLC reiterated a buy rating and issued a $17.00 price objective (up previously from $15.00) on shares of Eros International PLC in a research note on Monday, October 9th. Finally, TheStreet cut shares of Eros International PLC from a c rating to a d+ rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $17.00.

Shares of Eros International PLC (NYSE EROS) traded down $0.10 during mid-day trading on Friday, hitting $13.25. 596,906 shares of the company traded hands, compared to its average volume of 512,966. The company has a market cap of $804.26, a P/E ratio of 1,335.00, a price-to-earnings-growth ratio of 4.24 and a beta of 0.57. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.10. Eros International PLC has a 1-year low of $6.65 and a 1-year high of $17.30.

Eros International PLC (NYSE:EROS) last announced its earnings results on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $60.83 million for the quarter. Eros International PLC had a return on equity of 0.03% and a net margin of 0.20%. equities research analysts anticipate that Eros International PLC will post 0.21 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. American International Group Inc. raised its position in shares of Eros International PLC by 7.1% in the 1st quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after buying an additional 1,205 shares in the last quarter. Boston Common Asset Management LLC raised its position in shares of Eros International PLC by 4.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock valued at $248,000 after buying an additional 930 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Eros International PLC in the 1st quarter valued at approximately $256,000. Parametric Portfolio Associates LLC raised its position in shares of Eros International PLC by 36.4% in the 2nd 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. Finally, Van ECK Associates Corp raised its position in shares of Eros International PLC by 31.4% in the 2nd 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. Institutional investors own 59.03% 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.

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