BidaskClub upgraded shares of Vedanta Limited (NYSE:VEDL) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

Separately, Jefferies Group LLC cut Vedanta Limited from a hold rating to an underperform rating in a report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy.

Shares of Vedanta Limited (NYSE VEDL) opened at 20.33 on Wednesday. Vedanta Limited has a one year low of $9.42 and a one year high of $20.75. The stock has a 50 day moving average price of $18.57 and a 200 day moving average price of $16.19. The stock has a market capitalization of $18.87 billion, a P/E ratio of 16.08 and a beta of 1.88.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in Vedanta Limited by 0.4% in the first quarter. Wells Fargo & Company MN now owns 48,903 shares of the basic materials company’s stock valued at $840,000 after acquiring an additional 199 shares during the last quarter. World Asset Management Inc lifted its holdings in Vedanta Limited by 1.2% in the first quarter. World Asset Management Inc now owns 46,184 shares of the basic materials company’s stock valued at $793,000 after acquiring an additional 547 shares during the last quarter. Comerica Bank lifted its holdings in Vedanta Limited by 1.3% in the first quarter. Comerica Bank now owns 42,563 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 552 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Vedanta Limited by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 30,189 shares of the basic materials company’s stock valued at $518,000 after acquiring an additional 703 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in Vedanta Limited by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 26,292 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 3.89% of the company’s stock.

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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