Media coverage about Vedanta (NYSE:VEDL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog 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 earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.2652564940842 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, BidaskClub downgraded shares of Vedanta from a “buy” rating to a “hold” rating in a research note on Saturday, September 23rd.
Shares of Vedanta (NYSE:VEDL) traded up $0.18 during trading hours on Thursday, reaching $21.37. 533,047 shares of the company’s stock traded hands, compared to its average volume of 545,256. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.75 and a current ratio of 0.94. Vedanta has a 52 week low of $13.78 and a 52 week high of $21.88. The firm has a market cap of $19,480.00, a P/E ratio of -8.65 and a beta of 2.15.
Vedanta 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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