Eros International (NYSE:EROS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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 subject of a number of other reports. ValuEngine raised Eros International from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Wells Fargo & Co increased their price target on Eros International from $15.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, June 28th. Finally, Citigroup began coverage on Eros International in a research report on Tuesday, August 14th. They set a “buy” rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.67.

Shares of NYSE:EROS opened at $12.30 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.11. Eros International has a twelve month low of $9.20 and a twelve month high of $16.90. The company has a market cap of $710.41 million, a PE ratio of -136.67 and a beta of 0.67.

Eros International (NYSE:EROS) last issued its earnings results on Thursday, August 23rd. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Eros International had a positive return on equity of 1.31% and a negative net margin of 13.52%. The company had revenue of $60.21 million for the quarter, compared to analyst estimates of $63.05 million.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Eros International by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 92,078 shares of the company’s stock valued at $1,197,000 after purchasing an additional 8,414 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Eros International by 18.0% during the 1st quarter. California State Teachers Retirement System now owns 46,754 shares of the company’s stock worth $510,000 after acquiring an additional 7,133 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of Eros International during the 1st quarter worth $540,000. 61.34% of the stock is owned by hedge funds and other institutional investors.

About Eros International

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, including 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, such as Internet protocol television, video on demand, music, inflight entertainment, home video, and Internet channels, as well as Eros Now online entertainment service.

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