Breaking Finance News

Vedanta Ltd (ADR) (NYSE:VEDL) has been downgraded to Underperform in a statement by Jefferies Group LLC earlier today.

Boasting a price of $14.49, Vedanta Ltd (ADR) (NYSE:VEDL) traded 1.54% higher on the day. With the last stock price close down 17.02% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Vedanta Ltd (ADR) has recorded a 50-day average of $19.73 and a two hundred day average of $16.87. Volume of trade was down over the average, with 100,541 shares of VEDL changing hands under the typical 442,946

Jefferies Group LLC has downgraded Vedanta Ltd (ADR) (NYSE:VEDL) to Underperform in a statement released on 6/08/2017.

Performance Chart

Vedanta Ltd (ADR) (NYSE:VEDL)

With a total market value of $0, Vedanta Ltd (ADR) has price-earnings ratio of 15.57 with a one year low of $11.30 and a one year high of $20.92 .

Brief Synopsis About Vedanta Ltd (ADR) (NYSE:VEDL)

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. Its iron ore business consists of iron ore exploration, mining, beneficiation and exports. The Company has iron ore mining operations in the States of Goa and Karnataka. Its copper business consists of custom smelting. Its power business consists of 2,400 megawatt thermal coal based power facility in the State of Odisha.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.