Eros International PLC (EROS) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Eros International PLC (NYSE:EROS) from a sell rating to a hold rating in a research note published on Monday.

EROS has been the topic of several other research reports. Zacks Investment Research cut shares of Eros International PLC from a hold rating to a sell rating in a research note on Wednesday, June 21st. BidaskClub lowered shares of Eros International PLC from a hold rating to a sell rating in a research report on Thursday, August 3rd. Wells Fargo & Company restated an outperform rating on shares of Eros International PLC in a research report on Wednesday, August 9th. Jefferies Group LLC restated a buy rating and set a $18.00 price objective on shares of Eros International PLC in a research report on Friday, July 14th. Finally, TheStreet lowered shares of Eros International PLC from a c rating to a d+ rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $14.33.

Shares of Eros International PLC (NYSE:EROS) opened at 15.15 on Monday. The stock has a market cap of $900.47 million, a P/E ratio of 297.06 and a beta of 0.50. The company’s 50-day moving average is $9.95 and its 200-day moving average is $10.48. Eros International PLC has a 12-month low of $6.65 and a 12-month high of $18.85.

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Large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in shares of Eros International PLC during the 1st quarter valued at about $256,000. Boston Common Asset Management LLC boosted its position in shares of Eros International PLC by 34.8% during the 1st 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 in the last quarter. American International Group Inc. boosted its position in shares of Eros International PLC by 7.1% during the 1st 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 in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Eros International PLC during the 2nd quarter valued at about $28,711,000. Finally, Teachers Advisors LLC boosted its position in shares of Eros International PLC by 25.4% during the 4th quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock valued at $718,000 after purchasing an additional 11,159 shares in the last quarter. Institutional investors own 56.35% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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