Eros International PLC (EROS) Receiving Somewhat Positive News Coverage, Analysis Finds
Headlines about Eros International PLC (NYSE:EROS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eros International PLC earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.0277996133025 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Eros International -8.6% as India unit results show decline – Seeking Alpha (seekingalpha.com)
- BRIEF-Eros Now partners with Opera TV (markets.businessinsider.com)
- Eros Now Partners with Opera TV (finance.yahoo.com)
- Eros International PLC (NYSE:EROS) Receives Outperform Rating from Wells Fargo & Company (americanbankingnews.com)
- The Eros International PLC (EROS) Given “Buy” Rating at Jefferies Group LLC – Newburgh Gazette (newburghgazette.com)
Shares of Eros International PLC (NYSE EROS) traded down 11.04% during midday trading on Friday, reaching $7.25. 1,362,073 shares of the company traded hands. The firm has a market capitalization of $430.92 million, a PE ratio of 142.16 and a beta of 0.49. Eros International PLC has a 1-year low of $6.97 and a 1-year high of $18.85. The stock has a 50 day moving average price of $11.20 and a 200 day moving average price of $10.78.
Several equities analysts have recently commented on EROS shares. Jefferies Group LLC reissued a “buy” rating and issued a $18.00 target price on shares of Eros International PLC in a report on Friday, July 14th. TheStreet downgraded shares of Eros International PLC from a “c” rating to a “d+” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Eros International PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Eros International PLC from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Eros International PLC in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Eros International PLC presently has a consensus rating of “Hold” and an average price target of $14.33.
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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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