Vedanta (VEDL) Getting Somewhat Favorable News Coverage, Report Shows
Media coverage about Vedanta (NYSE:VEDL) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vedanta earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.259356778772 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Vedanta (NYSE:VEDL) traded down $0.01 on Thursday, hitting $17.95. The stock had a trading volume of 456,207 shares, compared to its average volume of 421,063. The firm has a market cap of $13,548.66, a price-to-earnings ratio of 14.06 and a beta of 1.83. Vedanta has a 12 month low of $12.36 and a 12 month high of $21.63. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.38.
Separately, BidaskClub lowered Vedanta from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th.
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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