Eros International PLC (EROS) Rating Reiterated by Jefferies Group LLC

Eros International PLC (NYSE:EROS)‘s stock had its “buy” rating reissued by analysts at Jefferies Group LLC in a report released on Friday, July 14th. They presently have a $18.00 price objective on the stock. Jefferies Group LLC’s price target indicates a potential upside of 148.28% from the company’s previous close.

EROS has been the topic of several other research reports. ValuEngine downgraded shares of Eros International PLC from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Eros International PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.33.

Shares of Eros International PLC (NYSE EROS) opened at 7.25 on Friday. Eros International PLC has a 52 week low of $6.97 and a 52 week high of $18.85. The company has a market cap of $430.92 million, a price-to-earnings ratio of 142.16 and a beta of 0.49. The stock’s 50 day moving average is $11.20 and its 200-day moving average is $10.78.

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Several hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position 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 last quarter. Boston Common Asset Management LLC raised its position 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 last quarter. Tudor Investment Corp ET AL bought a new position in shares of Eros International PLC during the first quarter valued at approximately $256,000. Parametric Portfolio Associates LLC raised its position in shares of Eros International PLC by 36.4% in the second 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 during the last quarter. Finally, Teachers Advisors LLC raised its position 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 last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

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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