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

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 equities research analysts have also commented on the company. ValuEngine upgraded Eros International from a hold rating to a buy rating in a research note on Saturday, June 2nd. Citigroup initiated coverage on Eros International in a research note on Tuesday, August 14th. They issued a buy rating and a $16.00 price objective for the company. Finally, Wells Fargo & Co upped their price objective on Eros International from $15.00 to $17.00 and gave the stock an outperform rating in a research note on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $16.67.

NYSE:EROS opened at $12.50 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $696.48 million, a PE ratio of 250.00, a P/E/G ratio of 2.31 and a beta of 0.76. Eros International has a one year low of $8.50 and a one year high of $16.90.

Eros International (NYSE:EROS) last posted its quarterly earnings data on Wednesday, June 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). The company had revenue of $71.93 million during the quarter, compared to analysts’ expectations of $71.65 million. Eros International had a positive return on equity of 1.08% and a negative net margin of 8.79%. sell-side analysts expect that Eros International will post 0.36 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Eros International by 10.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 92,078 shares of the company’s stock worth $1,197,000 after buying an additional 8,414 shares in the last quarter. California State Teachers Retirement System increased its stake in Eros International by 18.0% in the 1st quarter. California State Teachers Retirement System now owns 46,754 shares of the company’s stock worth $510,000 after buying an additional 7,133 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Eros International in the 1st quarter worth $540,000. Institutional investors and hedge funds own 59.76% of the company’s stock.

Eros International Company Profile

Eros International Plc, together with its subsidiaries, co-produces, acquires, and distributes Indian films in various formats worldwide. The company distributes its film content through various distribution channels, such as theatrical, which includes multiplex chains and stand-alone theaters; television syndication that comprises satellite television broadcasting, cable television, and terrestrial television; and digital and ancillary that includes music, inflight entertainment, home video, Internet protocol television, video on demand, and Internet channels, as well as Eros Now online entertainment service.

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