Eros International (NYSE:EROS) Upgraded at ValuEngine

Eros International (NYSE:EROS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday, May 8th.

EROS has been the subject of a number of other reports. TheStreet raised shares of Eros International from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Zacks Investment Research raised shares of Eros International from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.

EROS stock traded up $12.45 during trading on Tuesday, hitting $12.45. 263,600 shares of the company’s stock traded hands, compared to its average volume of 385,494. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.44 and a quick ratio of 1.44. Eros International has a 52 week low of $11.72 and a 52 week high of $12.00. The firm has a market cap of $618.32 million, a price-to-earnings ratio of 249.00, a PEG ratio of 1.70 and a beta of 0.68.

Eros International (NYSE:EROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $65.19 million for the quarter, compared to the consensus estimate of $65.30 million. Eros International had a positive return on equity of 0.40% and a negative net margin of 2.33%. analysts expect that Eros International will post -0.01 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Eros International stock. Russell Investments Group Ltd. acquired a new position in Eros International plc (NYSE:EROS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,543 shares of the company’s stock, valued at approximately $540,000. Russell Investments Group Ltd. owned about 0.10% of Eros International as of its most recent filing with the Securities and Exchange Commission (SEC). 60.04% of the stock is owned by institutional investors and hedge funds.

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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