Videocon d2h Limited (NASDAQ:VDTH) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Separately, ValuEngine downgraded shares of Videocon d2h Limited from a “buy” rating to a “hold” rating in a report on Friday, May 26th.

Shares of Videocon d2h Limited (VDTH) traded down 1.737% during trading on Friday, hitting $8.372. 4,931 shares of the stock traded hands. Videocon d2h Limited has a 1-year low of $7.68 and a 1-year high of $11.74. The stock has a 50 day moving average price of $9.29 and a 200-day moving average price of $10.07. The stock has a market cap of $881.08 million, a price-to-earnings ratio of 204.195 and a beta of 1.91.

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Large investors have recently added to or reduced their stakes in the stock. Dalton Investments LLC increased its stake in Videocon d2h Limited by 290.0% in the second quarter. Dalton Investments LLC now owns 3,060,110 shares of the company’s stock valued at $29,805,000 after buying an additional 2,275,550 shares during the period. Boston Partners increased its stake in Videocon d2h Limited by 5.7% in the second quarter. Boston Partners now owns 2,047,487 shares of the company’s stock valued at $19,943,000 after buying an additional 109,736 shares during the period. Athos Capital Ltd acquired a new stake in Videocon d2h Limited during the second quarter valued at approximately $7,968,000. Pinnacle Associates Ltd. increased its stake in Videocon d2h Limited by 2.7% in the second quarter. Pinnacle Associates Ltd. now owns 160,733 shares of the company’s stock valued at $1,566,000 after buying an additional 4,200 shares during the period. Finally, FACTORIAL MANAGEMENT Ltd increased its stake in Videocon d2h Limited by 8.7% in the second quarter. FACTORIAL MANAGEMENT Ltd now owns 155,162 shares of the company’s stock valued at $1,599,000 after buying an additional 12,373 shares during the period. 26.83% of the stock is currently owned by institutional investors and hedge funds.

About Videocon d2h Limited

Videocon d2h Limited is engaged in the provision of direct to home (DTH) subscription television services to subscribers in India. The Company operates under the Videocon d2h brand. The Company is engaged in the transmission of programming to subscribers through satellite broadcasting. Its subscribers have access to over 550 national and international channels and services, including approximately 45 high definition (HD) channels and services, and over 42 audio and video services through its Music Channel Services through several subscription packages, as well as the option of choosing add-ons and a la carte channels and receiving certain discounts through long-term recharge offers.

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