Stocks: Vedanta (VEDL) Earning Somewhat Favorable Press Coverage, Analysis Finds

Stocks: Vedanta (VEDL) Earning Somewhat Favorable Press Coverage, Analysis Finds

News headlines about Vedanta (NYSE:VEDL) have trended somewhat positive this week, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vedanta earned a media sentiment score of 0.04 on AlphaOne’s scale. AlphaOne also assigned press coverage about the basic materials company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Several brokerages have recently commented on VEDL. Morgan Stanley began coverage on shares of Vedanta in a report on Thursday, March 9th. They issued an “overweight” rating for the company. Goldman Sachs Group Inc downgraded shares of Vedanta from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Vedanta has an average rating of “Buy”.

Shares of Vedanta (NYSE:VEDL) traded up 0.07% during mid-day trading on Friday, hitting $14.99. 76,154 shares of the stock traded hands. The company’s market capitalization is $11.11 billion. The company’s 50-day moving average price is $15.53 and its 200 day moving average price is $14.37. Vedanta has a 1-year low of $5.47 and a 1-year high of $17.34.

The firm also recently announced a dividend, which was paid on Wednesday, April 12th. Shareholders of record on Wednesday, April 12th were given a $1.071 dividend. This is a positive change from Vedanta’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, April 10th. Vedanta’s payout ratio is -4.84%.

Vedanta Company Profile

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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