Vedanta Limited (VEDL) Getting Somewhat Favorable News Coverage, Analysis Finds
Media coverage about Vedanta Limited (NYSE:VEDL) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vedanta Limited earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.022196490362 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Vedanta Limited (VEDL) opened at 20.04 on Friday. Vedanta Limited has a 1-year low of $9.78 and a 1-year high of $20.92. The company has a 50-day moving average of $19.19 and a 200-day moving average of $16.44. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 15.75 and a beta of 1.88.
A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Vedanta Limited from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Jefferies Group LLC lowered shares of Vedanta Limited from a “hold” rating to an “underperform” rating in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy”.
About Vedanta Limited
Vedanta Limited is a natural resource company engaged in the business of manufacturing copper and copper products, and aluminum and aluminum products. The Company’s segments include Copper, which consists of manufacturing of copper cathode, continuous cast copper rod and anode slime, including from purchased concentrate and manufacturing of precious metal from anode slime, sulfuric acid, phosphoric acid; Iron ore; Aluminium, which consists of manufacturing of alumina and various aluminum products; Power, which consists of power, including power facilities engaged in generation and sale of commercial power, and Other, which consists pig iron and metallurgical coke.
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