Vedanta (NYSE:VEDL) Receiving Somewhat Positive News Coverage, Analysis Shows

Media headlines about Vedanta (NYSE:VEDL) have trended somewhat positive on Sunday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vedanta earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.8226695496642 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Separately, JPMorgan Chase & Co. raised shares of Vedanta from a “neutral” rating to an “overweight” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold”.

Vedanta (NYSE:VEDL) traded up $0.76 during mid-day trading on Friday, reaching $19.52. 1,377,720 shares of the company were exchanged, compared to its average volume of 576,340. The firm has a market cap of $14,467.72, a PE ratio of 15.49 and a beta of 1.85. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. Vedanta has a one year low of $13.78 and a one year high of $21.99.

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About Vedanta

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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