Equities researchers at Citigroup began coverage on shares of Eros International (NYSE:EROS) in a report released on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.

Several other equities research analysts have also issued reports on EROS. ValuEngine upgraded Eros International from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research lowered Eros International from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Wells Fargo & Co lifted their price target on Eros International from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $17.00.

Shares of NYSE EROS opened at $13.15 on Tuesday. Eros International has a one year low of $6.65 and a one year high of $16.90. The stock has a market cap of $746.63 million, a price-to-earnings ratio of -146.11, a price-to-earnings-growth ratio of 2.48 and a beta of 0.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.42 and a quick ratio of 1.42.

Eros International (NYSE:EROS) last announced its quarterly earnings data on Wednesday, June 27th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.10). Eros International had a positive return on equity of 1.08% and a negative net margin of 8.79%. The business had revenue of $71.93 million for the quarter, compared to analyst estimates of $71.65 million. equities analysts expect that Eros International will post 0.36 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Eros International by 18.0% during the 1st quarter. California State Teachers Retirement System now owns 46,754 shares of the company’s stock valued at $510,000 after buying an additional 7,133 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Eros International by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 92,078 shares of the company’s stock valued at $1,197,000 after buying an additional 8,414 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Eros International during the 1st quarter valued at about $540,000. Institutional investors and hedge funds own 62.13% of the company’s stock.

About Eros International

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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