Zacks Investment Research downgraded shares of Eros International (NYSE:EROS) from a hold rating to a sell rating in a report released 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. “

Several other research firms also recently commented on EROS. ValuEngine raised Eros International from a sell rating to a hold rating in a research note on Monday, September 18th. Wells Fargo & Co reissued an outperform rating and issued a $17.00 price objective (up from $16.00) on shares of Eros International in a research note on Monday, October 9th. Jefferies Group reissued a buy rating and issued a $17.00 price objective (up from $15.00) on shares of Eros International in a research note on Monday, October 9th. Finally, BidaskClub downgraded Eros International from a hold rating to a sell rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Eros International currently has a consensus rating of Hold and a consensus price target of $17.00.

Eros International (EROS) traded up $0.05 during midday trading on Tuesday, reaching $10.40. The company had a trading volume of 442,400 shares, compared to its average volume of 515,950. Eros International has a 1 year low of $6.65 and a 1 year 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 firm has a market cap of $649.13, a P/E ratio of 346.67, a P/E/G ratio of 3.54 and a beta of 0.56.

Eros International (NYSE:EROS) last posted its quarterly earnings data on Wednesday, November 22nd. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). Eros International had a return on equity of 0.22% and a net margin of 0.96%. research analysts predict that Eros International will post 0.2 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC increased its stake in shares of 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. SG Americas Securities LLC acquired a new stake in shares of Eros International in the 3rd quarter worth $1,605,000. State Street Corp increased its stake in shares of 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. Parametric Portfolio Associates LLC increased its stake in shares of 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. Finally, Boston Common Asset Management LLC increased its stake in shares of 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. 60.49% of the stock is owned by institutional investors and hedge funds.

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Eros International 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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