Eros International plc (NYSE:EROS) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.00.
A number of research analysts have recently weighed in on EROS shares. BidaskClub cut Eros International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut Eros International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, ValuEngine cut Eros International from a “hold” rating to a “sell” rating in a research report on Friday, October 27th.
Shares of Eros International (NYSE:EROS) opened at $12.85 on Monday. Eros International has a fifty-two week low of $6.65 and a fifty-two week high of $16.90. The company has a market capitalization of $636.35, a price-to-earnings ratio of 308.75, a price-to-earnings-growth ratio of 4.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44.
Several hedge funds have recently made changes to their positions in EROS. Parametric Portfolio Associates LLC increased its position in shares of Eros International by 36.4% in the second quarter. Parametric Portfolio Associates LLC now owns 30,135 shares of the company’s stock valued at $345,000 after buying an additional 8,041 shares in the last quarter. State Street Corp increased its position in shares of Eros International by 7.1% in the second quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after buying an additional 34,838 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Eros International by 64.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after buying an additional 1,621,460 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Eros International during the 3rd quarter worth about $1,605,000. Institutional investors and hedge funds own 60.76% of the company’s stock.
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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