Eros International PLC (EROS) Rating Lowered to Strong Sell at 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 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 analysts have also issued research reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective (up previously from $15.00) on shares of Eros International PLC in a report on Monday. TheStreet lowered Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. BidaskClub lowered Eros International PLC from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company reissued an “outperform” rating on shares of Eros International PLC in a report on Wednesday, August 9th. Finally, ValuEngine raised Eros International PLC from a “sell” rating to a “hold” rating in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Eros International PLC currently has an average rating of “Hold” and an average target price of $17.00.

Shares of Eros International PLC (EROS) traded up 2.06% on Tuesday, hitting $14.85. The stock had a trading volume of 807,299 shares. The stock has a 50 day moving average of $12.39 and a 200-day moving average of $10.87. The stock has a market cap of $882.64 million, a PE 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.

Eros International PLC (NYSE:EROS) last issued its quarterly earnings data on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $60.83 million during the quarter. Equities research analysts anticipate that Eros International PLC will post $0.18 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Eros International PLC (EROS) Rating Lowered to Strong Sell at Zacks Investment Research” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/eros-international-plc-eros-rating-lowered-to-strong-sell-at-zacks-investment-research.html.

Large investors have recently added to or reduced their stakes in the business. American International Group Inc. grew its holdings in Eros International PLC by 7.1% during the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after purchasing an additional 1,205 shares during the period. Boston Common Asset Management LLC grew its holdings in 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 valued at $214,000 after purchasing an additional 5,350 shares during the period. Tudor Investment Corp ET AL bought a new stake in Eros International PLC during the first quarter valued at about $256,000. Parametric Portfolio Associates LLC grew its holdings 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 purchasing an additional 8,041 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in 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 valued at $1,230,000 after purchasing an additional 3,897 shares during the period. 56.08% of the stock is owned by institutional investors and hedge funds.

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 con

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 analysts have also issued research reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective (up previously from $15.00) on shares of Eros International PLC in a report on Monday. TheStreet lowered Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. BidaskClub lowered Eros International PLC from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Wells Fargo & Company reissued an “outperform” rating on shares of Eros International PLC in a report on Wednesday, August 9th. Finally, ValuEngine raised Eros International PLC from a “sell” rating to a “hold” rating in a report on Monday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Eros International PLC currently has an average rating of “Hold” and an average target price of $17.00.

Shares of Eros International PLC (EROS) traded up 2.06% on Tuesday, hitting $14.85. The stock had a trading volume of 807,299 shares. The stock has a 50 day moving average of $12.39 and a 200-day moving average of $10.87. The stock has a market cap of $882.64 million, a PE 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.

Eros International PLC (NYSE:EROS) last issued its quarterly earnings data on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $60.83 million during the quarter. Equities research analysts anticipate that Eros International PLC will post $0.18 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Eros International PLC (EROS) Rating Lowered to Strong Sell at Zacks Investment Research” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/eros-international-plc-eros-rating-lowered-to-strong-sell-at-zacks-investment-research.html.

Large investors have recently added to or reduced their stakes in the business. American International Group Inc. grew its holdings in Eros International PLC by 7.1% during the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after purchasing an additional 1,205 shares during the period. Boston Common Asset Management LLC grew its holdings in 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 valued at $214,000 after purchasing an additional 5,350 shares during the period. Tudor Investment Corp ET AL bought a new stake in Eros International PLC during the first quarter valued at about $256,000. Parametric Portfolio Associates LLC grew its holdings 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 purchasing an additional 8,041 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in 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 valued at $1,230,000 after purchasing an additional 3,897 shares during the period. 56.08% of the stock is owned by institutional investors and hedge funds.

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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