Eros International PLC (NYSE:EROS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other equities analysts have also recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of Eros International PLC in a research note on Monday, April 24th. Zacks Investment Research cut Eros International PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. ValuEngine cut Eros International PLC from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, TheStreet cut Eros International PLC from a “c” rating to a “d+” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.33.

Eros International PLC (NYSE EROS) traded down 7.34% during trading on Thursday, hitting $8.20. The company’s stock had a trading volume of 1,208,406 shares. The firm has a market cap of $487.38 million, a P/E ratio of 160.78 and a beta of 0.49. Eros International PLC has a 12 month low of $8.05 and a 12 month high of $19.87. The firm has a 50 day moving average of $11.63 and a 200 day moving average of $10.93.

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Several large investors have recently modified their holdings of EROS. American International Group Inc. raised 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 worth $188,000 after buying an additional 1,205 shares in the last quarter. Boston Common Asset Management LLC raised 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 worth $214,000 after buying an additional 5,350 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Eros International PLC during the first quarter worth $256,000. Teachers Advisors LLC raised 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 worth $718,000 after buying an additional 11,159 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Eros International PLC by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 119,483 shares of the company’s stock worth $1,230,000 after buying an additional 3,897 shares in the last quarter. Hedge funds and other institutional investors own 66.90% of the company’s stock.

Eros International PLC 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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