Zacks Investment Research downgraded shares of Eros International PLC (NYSE:EROS) from a hold rating to a strong sell rating in a research note published 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. “

EROS has been the topic of a number of other research reports. Bank of America Corp. restated a hold rating on shares of Eros International PLC in a research report on Thursday, August 25th. Wells Fargo & Co. restated a market perform rating and set a $15.00 price objective on shares of Eros International PLC in a research report on Thursday, September 22nd. Finally, Jefferies Group increased their price objective on shares of Eros International PLC from $17.00 to $20.00 and gave the company a buy rating in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Eros International PLC presently has an average rating of Buy and a consensus price target of $16.58.

Eros International PLC (NYSE:EROS) traded up 6.393% during mid-day trading on Tuesday, hitting $16.225. 177,576 shares of the stock were exchanged. The stock has a market capitalization of $941.02 million, a PE ratio of 200.309 and a beta of 0.91. Eros International PLC has a 52 week low of $5.59 and a 52 week high of $19.87. The company has a 50-day moving average of $16.66 and a 200-day moving average of $15.92.

Eros International PLC (NYSE:EROS) last issued its quarterly earnings data on Friday, November 11th. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.12. The company had revenue of $71.90 million for the quarter, compared to the consensus estimate of $59.71 million. Eros International PLC had a negative net margin of 2.13% and a negative return on equity of 0.71%. The firm’s revenue for the quarter was down 27.2% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. On average, equities analysts predict that Eros International PLC will post $0.28 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Gabelli Funds LLC boosted its position in Eros International PLC by 270.8% in the second quarter. Gabelli Funds LLC now owns 44,500 shares of the company’s stock valued at $724,000 after buying an additional 32,500 shares during the last quarter. Teachers Advisors Inc. boosted its position in Eros International PLC by 112.8% in the second quarter. Teachers Advisors Inc. now owns 45,299 shares of the company’s stock valued at $737,000 after buying an additional 24,012 shares during the last quarter. Acadian Asset Management LLC bought a new position in Eros International PLC during the second quarter valued at $359,000. Strs Ohio bought a new position in Eros International PLC during the third quarter valued at $222,000. Finally, SG Americas Securities LLC bought a new position in Eros International PLC during the third quarter valued at $118,000. 64.87% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:EROS

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