Vedanta (VEDL) Downgraded by Bank of America
Several other equities analysts also recently issued reports on VEDL. Goldman Sachs Group downgraded shares of Vedanta from a buy rating to a neutral rating in a research note on Friday. ValuEngine raised shares of Vedanta from a sell rating to a hold rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold.
VEDL stock opened at $9.22 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $6.83 billion, a PE ratio of 6.83 and a beta of 1.50. Vedanta has a 12 month low of $9.11 and a 12 month high of $21.26.
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.
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