Eros International PLC (NYSE:EROS) Given Consensus Rating of “Hold” by Analysts

Shares of Eros International PLC (NYSE:EROS) have received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.00.

Several brokerages recently issued reports on EROS. Zacks Investment Research raised Eros International PLC from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet cut Eros International PLC from a “c” rating to a “d+” rating in a research note on Friday, July 28th. BidaskClub cut Eros International PLC from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Wells Fargo & Company reissued an “outperform” rating on shares of Eros International PLC in a research note on Wednesday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Eros International PLC in a research note on Friday, July 14th.

A number of hedge funds have recently made changes to their positions in EROS. American International Group Inc. boosted its stake in shares of Eros International PLC by 7.1% in the first quarter. American International Group Inc. now owns 18,219 shares of the company’s stock valued at $188,000 after buying an additional 1,205 shares during the period. Boston Common Asset Management LLC boosted its stake in shares of Eros International PLC by 34.8% in the first quarter. Boston Common Asset Management LLC now owns 20,745 shares of the company’s stock valued at $214,000 after buying an additional 5,350 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Eros International PLC during the first quarter valued at about $256,000. Parametric Portfolio Associates LLC boosted its stake in shares of Eros International PLC 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 during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Eros International PLC by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 55,045 shares of the company’s stock valued at $718,000 after buying an additional 11,159 shares during the period. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Eros International PLC (NYSE EROS) opened at 7.25 on Thursday. The company has a market capitalization of $430.92 million, a price-to-earnings ratio of 142.16 and a beta of 0.49. The company’s 50 day moving average price is $11.20 and its 200 day moving average price is $10.78. Eros International PLC has a 52-week low of $6.97 and a 52-week high of $18.85.

About Eros International PLC

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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