Somewhat Positive News Coverage Somewhat Unlikely to Affect Eros International (EROS) Stock Price
Press coverage about Eros International (NYSE:EROS) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Eros International earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.9821624470097 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Eros International (EROS) & Function(x) (FNCX) Critical Contrast (americanbankingnews.com)
- Eros shifting focus from box office to online video streaming (livemint.com)
- Eros and Metrological Partner to Bring Bollywood Films to Integrated OTT Operators Around the World – Business Wire (press release) (businesswire.com)
- BRIEF-Eros International Says Eros Now Has Partnered With Metrological (reuters.com)
EROS has been the topic of a number of analyst reports. ValuEngine cut shares of Eros International from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised shares of Eros International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Eros International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 10th. Wells Fargo & Company reissued an “outperform” rating and issued a $17.00 target price (up previously from $16.00) on shares of Eros International in a research note on Monday, October 9th. Finally, Jefferies Group reissued a “buy” rating and issued a $17.00 target price (up previously from $15.00) on shares of Eros International in a research note on Monday, October 9th. 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. Eros International presently has a consensus rating of “Hold” and a consensus price target of $17.00.
Eros International (NYSE EROS) traded down $1.05 during midday trading on Wednesday, reaching $9.90. 406,100 shares of the company were exchanged, compared to its average volume of 513,972. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $564.21, a PE ratio of 273.75, a P/E/G ratio of 3.74 and a beta of 0.57. Eros International has a twelve month low of $6.65 and a twelve month high of $16.90.
Eros International (NYSE:EROS) last issued its quarterly earnings data on Friday, October 6th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $60.83 million for the quarter. Eros International had a return on equity of 0.22% and a net margin of 0.96%. equities analysts predict that Eros International will post 0.2 EPS for the current year.
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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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