Worth Watching: Could Eros International plc See a Reversal After This Very Weak Session?

Worth Watching: Could Eros International plc See a Reversal After This Very Weak Session?

The stock of Eros International plc (NYSE:EROS) is a huge mover today! The stock decreased 2.30% or $0.36 during the last trading session, hitting $15.32. About 282,605 shares traded hands or 94.04% up from the average. Eros International plc (NYSE:EROS) has risen 91.74% since February 29, 2016 and is uptrending. It has outperformed by 81.31% the S&P500.
The move comes after 7 months negative chart setup for the $854.77M company. It was reported on Oct, 1 by Barchart.com. We have $14.25 PT which if reached, will make NYSE:EROS worth $59.83 million less.

Eros International plc (NYSE:EROS) Ratings Coverage

Out of 3 analysts covering Eros International (NYSE:EROS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Eros International has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, August 12 by Jefferies. The stock of Eros International plc (NYSE:EROS) has “Outperform” rating given on Thursday, February 18 by Macquarie Research. The stock of Eros International plc (NYSE:EROS) earned “Buy” rating by Jefferies on Wednesday, November 18.

According to Zacks Investment Research, “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.”

More notable recent Eros International plc (NYSE:EROS) news were published by: Businesswire.com which released: “Eros International Plc Raises $30 Million From Two Existing Top 10 Shareholders” on September 22, 2016, also Fool.com with their article: “Why Eros International PLC Jumped 20% Monday” published on November 02, 2015, Fool.com published: “Eros International PLC Tumbles Amid Accusations of Fraud” on November 13, 2015. More interesting news about Eros International plc (NYSE:EROS) were released by: Fool.com and their article: “Why Shares of Eros International PLC Jumped on Tuesday” published on November 17, 2015 as well as Forbes.com‘s news article titled: “High Drama At Indian Film Co. Eros – Stock Tanks; Company Responds; Questions …” with publication date: October 27, 2015.

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