Shares of Vedanta Ltd. (NYSE:VEDL) have been assigned an average rating of “Hold” from the four ratings firms that are covering the firm. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company.

Separately, Citigroup Inc. upgraded shares of Vedanta from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 5th.

A number of large investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake in Vedanta by 21.4% in the third quarter. Morgan Stanley now owns 490,290 shares of the company’s stock valued at $5,084,000 after buying an additional 86,373 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Vedanta by 32.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 24,254 shares of the company’s stock valued at $252,000 after buying an additional 6,000 shares in the last quarter. BlackRock Group LTD boosted its stake in Vedanta by 6.3% in the third quarter. BlackRock Group LTD now owns 3,261,937 shares of the company’s stock valued at $33,826,000 after buying an additional 193,988 shares in the last quarter. BlackRock Inc. boosted its stake in Vedanta by 4.5% in the third quarter. BlackRock Inc. now owns 265,551 shares of the company’s stock valued at $2,754,000 after buying an additional 11,452 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Vedanta by 12.1% in the third quarter. Prudential Financial Inc. now owns 936,659 shares of the company’s stock valued at $9,714,000 after buying an additional 100,893 shares in the last quarter. 3.33% of the stock is owned by institutional investors and hedge funds.

Vedanta (NYSE:VEDL) opened at 13.39 on Wednesday. The company’s 50-day moving average is $11.77 and its 200 day moving average is $9.20. Vedanta has a one year low of $3.52 and a one year high of $13.66. The company’s market capitalization is $9.93 billion.

The company also recently disclosed an annual dividend, which was paid on Tuesday, November 8th. Investors of record on Tuesday, November 8th were given a dividend of $0.089 per share. The ex-dividend date of this dividend was Friday, November 4th. Vedanta’s dividend payout ratio is -4.84%.

Vedanta Company Profile

Vedanta Limited, formerly Sesa Sterlite Limited, is a global diversified natural resource company. The Company’s segments are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others. Its zinc business is operated by Hindustan Zinc Limited (HZL). Its zinc international business comprises the Skorpion mine and refinery in Namibia and the Lisheen mine in Ireland.

5 Day Chart for NYSE:VEDL

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