Eros International PLC (EROS) Downgraded by TheStreet

TheStreet lowered shares of Eros International PLC (NYSE:EROS) from a c rating to a d+ rating in a research report report published on Friday, July 28th.

EROS has been the topic of several other reports. Zacks Investment Research lowered Eros International PLC from a hold rating to a sell rating in a research report on Wednesday, June 21st. BidaskClub lowered Eros International PLC from a buy rating to a hold rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a buy rating and issued a $18.00 price objective on shares of Eros International PLC in a research report on Monday, April 24th. Finally, ValuEngine lowered Eros International PLC from a hold rating to a sell rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $14.33.

Shares of Eros International PLC (NYSE EROS) traded down 11.04% on Friday, hitting $7.25. 1,361,973 shares of the stock traded hands. Eros International PLC has a 1-year low of $6.97 and a 1-year high of $18.85. The stock has a market cap of $430.92 million, a PE ratio of 142.16 and a beta of 0.49. The stock has a 50 day moving average of $11.30 and a 200-day moving average of $10.81.

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Several large investors have recently added to or reduced their stakes in EROS. American International Group Inc. raised its stake in Eros International PLC by 7.1% in the first 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 stake in Eros International PLC by 34.8% in the first quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock valued at $214,000 after buying an additional 5,350 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Eros International PLC during the first quarter valued at $256,000. Teachers Advisors LLC raised its stake in Eros International PLC by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock valued at $718,000 after buying an additional 11,159 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in Eros International PLC during the first quarter valued at $882,000. Institutional investors own 69.26% 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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