Eros International (EROS) Rating Lowered to Sell at ValuEngine

Eros International (NYSE:EROS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other analysts have also commented on EROS. Jefferies Group reiterated a “buy” rating and set a $17.00 price objective (up previously from $15.00) on shares of Eros International in a report on Monday, October 9th. BidaskClub lowered Eros International from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Wells Fargo & Company reiterated an “outperform” rating and set a $17.00 price objective (up previously from $16.00) on shares of Eros International in a report on Monday, October 9th. Finally, Zacks Investment Research lowered Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Eros International has an average rating of “Hold” and an average price target of $17.00.

Shares of Eros International (NYSE:EROS) opened at $9.65 on Tuesday. Eros International has a twelve month low of $6.65 and a twelve month high of $16.90. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $510.11, a price-to-earnings ratio of 247.50, a PEG ratio of 3.38 and a beta of 0.57.

Eros International (NYSE:EROS) last issued its quarterly earnings data on Friday, October 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Eros International had a net margin of 0.96% and a return on equity of 0.22%. The business had revenue of $60.83 million for the quarter. sell-side analysts expect that Eros International will post 0.2 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Eros International in the 3rd quarter worth $1,605,000. Gilder Gagnon Howe & Co. LLC raised its stake in 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 worth $59,045,000 after acquiring an additional 1,621,460 shares during the last quarter. State Street Corp raised its stake in Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock worth $6,002,000 after acquiring an additional 34,838 shares during the last quarter. Boston Common Asset Management LLC raised its stake in Eros International by 4.5% in the 2nd quarter. Boston Common Asset Management LLC now owns 21,675 shares of the company’s stock worth $248,000 after acquiring an additional 930 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Eros International by 36.4% in 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 last quarter. Institutional investors own 60.49% of the company’s stock.

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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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