Shares of Vedanta Ltd (NYSE:VEDL) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

Several research firms have commented on VEDL. Citigroup upgraded Vedanta from a “neutral” rating to a “buy” rating in a report on Tuesday, May 21st. HSBC cut Vedanta from a “buy” rating to a “hold” rating in a report on Friday, March 29th.

VEDL traded down $0.02 during midday trading on Friday, hitting $10.00. The company’s stock had a trading volume of 703,381 shares, compared to its average volume of 512,664. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.78 and a quick ratio of 0.61. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 9.19 and a beta of 1.27. Vedanta has a 52-week low of $8.34 and a 52-week high of $13.88.

Vedanta (NYSE:VEDL) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.40 EPS for the quarter. The company had revenue of $3.28 billion during the quarter. Vedanta had a return on equity of 17.22% and a net margin of 7.46%.

Large investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Vedanta by 14.4% during the 4th quarter. Bank of America Corp DE now owns 251,460 shares of the basic materials company’s stock worth $2,903,000 after purchasing an additional 31,740 shares during the period. Boston Advisors LLC lifted its position in Vedanta by 173.0% during the 1st quarter. Boston Advisors LLC now owns 96,188 shares of the basic materials company’s stock worth $1,016,000 after acquiring an additional 60,955 shares in the last quarter. Apollo Management Holdings L.P. lifted its position in Vedanta by 100.0% during the 1st quarter. Apollo Management Holdings L.P. now owns 500,000 shares of the basic materials company’s stock worth $5,280,000 after acquiring an additional 250,000 shares in the last quarter. Bank of Nova Scotia lifted its position in Vedanta by 70.8% during the 4th quarter. Bank of Nova Scotia now owns 34,700 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 14,387 shares in the last quarter. Finally, Greenleaf Trust acquired a new position in Vedanta during the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 3.45% of the company’s stock.

About Vedanta

Vedanta Limited operates as a diversified natural resources company in India. The company produces oil and gas, zinc, lead, silver, iron ore, copper, and aluminum. It also operates 1,980 megawatts (MW) thermal coal-based commercial power facilities; a 600 MW thermal coal-based commercial power facility in Jharsuguda; a 600 MW thermal coal- based commercial power facility in Korba; 274 MW wind power plants; and a 100 MW power plant.

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Analyst Recommendations for Vedanta (NYSE:VEDL)

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