Zacks Investment Research upgraded shares of Eros International (NYSE:EROS) from a sell rating to a hold rating in a report released on Friday morning.
According to Zacks, “Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom. “
Other analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Eros International from a d+ rating to a c- rating in a research note on Monday, February 26th. ValuEngine cut shares of Eros International from a hold rating to a sell rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $17.00.
Several large investors have recently modified their holdings of EROS. Gilder Gagnon Howe & Co. LLC raised its position in shares of Eros International by 64.7% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 4,128,989 shares of the company’s stock valued at $59,045,000 after buying an additional 1,621,460 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Eros International in the 3rd quarter valued at approximately $1,605,000. State Street Corp raised its position in shares of Eros International by 7.1% in the 2nd quarter. State Street Corp now owns 524,135 shares of the company’s stock valued at $6,002,000 after buying an additional 34,838 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Eros International by 36.4% in the 2nd 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 in the last quarter. Institutional investors own 59.71% of the company’s stock.
Eros International 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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