ValuEngine upgraded shares of Vedanta (NYSE:VEDL) from a sell rating to a hold rating in a research note published on Thursday.
Separately, Goldman Sachs Group assumed coverage on Vedanta in a research report on Tuesday, August 28th. They set a buy rating for the company.
Vedanta stock traded up $0.33 during midday trading on Thursday, reaching $12.06. 754,758 shares of the company were exchanged, compared to its average volume of 690,492. The stock has a market cap of $8.94 billion, a PE ratio of 7.44 and a beta of 2.04. Vedanta has a 1 year low of $10.87 and a 1 year high of $21.99. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.36.
Vedanta Company Profile
Vedanta Limited operates as a diversified natural resources company in India. The company produces oil and gas, zinc, lead, silver, iron ore, copper, and aluminum. It also operates 1,980 megawatts (MW) thermal coal-based commercial power facilities; a 600 MW thermal coal-based commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.
See Also: Return on Investment (ROI)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Vedanta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vedanta and related companies with MarketBeat.com's FREE daily email newsletter.