BidaskClub lowered shares of Vedanta Limited (NYSE:VEDL) from a buy rating to a hold rating in a report released on Monday, July 24th.
A number of other research analysts have also issued reports on VEDL. Jefferies Group LLC lowered shares of Vedanta Limited from a hold rating to an underperform rating in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) lowered shares of Vedanta Limited from a conviction-buy rating to a buy rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Vedanta Limited currently has a consensus rating of Buy.
Shares of Vedanta Limited (VEDL) remained flat at $18.76 during midday trading on Monday. The stock had a trading volume of 205,179 shares. Vedanta Limited has a one year low of $9.42 and a one year high of $19.20. The company has a market capitalization of $17.42 billion, a PE ratio of 14.79 and a beta of 1.88. The company has a 50 day moving average of $17.33 and a 200-day moving average of $15.74.
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A number of hedge funds and other institutional investors have recently bought and sold shares of VEDL. Royal Bank of Canada raised its position in Vedanta Limited by 10,606.7% in the second quarter. Royal Bank of Canada now owns 6,424 shares of the basic materials company’s stock worth $100,000 after buying an additional 6,364 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Vedanta Limited during the second quarter worth about $120,000. Group One Trading L.P. raised its position in Vedanta Limited by 65.4% in the first quarter. Group One Trading L.P. now owns 7,762 shares of the basic materials company’s stock worth $133,000 after buying an additional 3,068 shares during the last quarter. SG Americas Securities LLC purchased a new position in Vedanta Limited during the first quarter worth about $149,000. Finally, Eagle Asset Management Inc. raised its position in Vedanta Limited by 18.8% in the first quarter. Eagle Asset Management Inc. now owns 12,828 shares of the basic materials company’s stock worth $220,000 after buying an additional 2,030 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.
Vedanta Limited Company Profile
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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