Wells Fargo & Company Reaffirms “Outperform” Rating for Eros International PLC (EROS)

Eros International PLC (NYSE:EROS)‘s stock had its “outperform” rating restated by Wells Fargo & Company in a report released on Wednesday.

Several other research firms have also recently weighed in on EROS. BidaskClub cut shares of Eros International PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and set a $18.00 target price on shares of Eros International PLC in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. TheStreet lowered shares of Eros International PLC from a “c” rating to a “d+” rating in a research report on Friday, July 28th. Finally, ValuEngine lowered shares of Eros International PLC from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.33.

Eros International PLC (NYSE EROS) traded down 4.79% on Wednesday, hitting $8.95. 514,677 shares of the stock were exchanged. The stock has a market cap of $531.96 million, a price-to-earnings ratio of 175.49 and a beta of 0.49. The company has a 50-day moving average of $11.51 and a 200-day moving average of $10.88. Eros International PLC has a 12 month low of $8.05 and a 12 month high of $19.87.

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A number of hedge funds have recently made changes to their positions in 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 valued at $188,000 after buying an additional 1,205 shares during the period. 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 valued at $214,000 after buying an additional 5,350 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Eros International PLC during the first quarter valued at about $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 valued at $718,000 after buying an additional 11,159 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of Eros International PLC during the first quarter valued at about $882,000. Institutional investors own 69.26% 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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