Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered Eros International PLC from a hold rating to a sell rating in a report on Wednesday, June 21st. BidaskClub lowered Eros International PLC from a buy rating to a hold rating in a report on Thursday, July 27th. Jefferies Group LLC restated a buy rating and set a $18.00 target price on shares of Eros International PLC in a report on Friday, July 14th. Finally, ValuEngine lowered Eros International PLC from a hold rating to a sell rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $14.33.
Shares of Eros International PLC (NYSE:EROS) opened at 7.20 on Friday. The firm has a 50-day moving average price of $10.61 and a 200 day moving average price of $10.61. The stock has a market cap of $427.95 million, a price-to-earnings ratio of 141.18 and a beta of 0.49. Eros International PLC has a 52-week low of $6.65 and a 52-week high of $18.85.
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Institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Eros International PLC by 3.8% in the fourth quarter. State Street Corp now owns 471,850 shares of the company’s stock worth $6,157,000 after buying an additional 17,405 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in Eros International PLC during the first quarter worth approximately $256,000. Boston Common Asset Management LLC raised its position 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 worth $214,000 after buying an additional 5,350 shares during the last quarter. American International Group Inc. raised its position 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 worth $188,000 after buying an additional 1,205 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Eros International PLC by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock worth $718,000 after buying an additional 11,159 shares during the last quarter. Institutional investors and hedge funds own 72.39% of the company’s stock.
About Eros International PLC
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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