News headlines about Vedanta Limited (NYSE:VEDL) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vedanta Limited earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.5381972822715 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Frontier Communications Corporation (FTR) Earns Daily Media Impact Rating of 0.13 (newstrendstoday.com)
- Vedanta Limited American Depos (NYSE:VEDL) Stock Traded Well Above Its 50 Day Average – Modern Readers (modernreaders.com)
- Vedanta Limited (VEDL.BO) Share Activity Climbing in Session – FLBC News (flbcnews.com)
- Vedanta Limited American Depos (VEDL) Hits New 52-Week High – Modern Readers (modernreaders.com)
- Vedanta Limited American Depos (VEDL) Hits 52-Week High – Modern Readers (modernreaders.com)
A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Vedanta Limited from a “hold” rating to a “buy” rating in a research note on Wednesday. Goldman Sachs Group, Inc. (The) cut shares of Vedanta Limited from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, April 25th. Finally, Jefferies Group LLC cut shares of Vedanta Limited from a “hold” rating to an “underperform” rating in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy”.
Vedanta Limited (NYSE:VEDL) traded down 3.31% on Friday, hitting $17.83. 589,192 shares of the stock were exchanged. The company has a market capitalization of $16.55 billion, a PE ratio of 14.06 and a beta of 1.88. Vedanta Limited has a 1-year low of $9.42 and a 1-year high of $18.86. The company has a 50-day moving average price of $16.81 and a 200 day moving average price of $15.62.
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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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