Credit Agricole Downgrades Sesa Sterlite to Outperform (SSLT)
Sesa Sterlite (NASDAQ:SSLT) was downgraded by investment analysts at Credit Agricole from a “buy” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of Sesa Sterlite (NASDAQ:SSLT) traded down 2.42% during mid-day trading on Tuesday, hitting $20.17. 183,001 shares of the company’s stock traded hands. Sesa Sterlite has a 1-year low of $7.9466 and a 1-year high of $21.36. The stock’s 50-day moving average is $15.20 and its 200-day moving average is $12.96. The company has a market cap of $14.948 billion and a price-to-earnings ratio of 14.24.
Separately, analysts at Citigroup Inc. upgraded shares of Sesa Sterlite from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 1st.
Sesa Sterlite Limited, formerly Sesa Goa Limited, is a diversified global metals and mining company. The Company is engaged exploration, mining and processing of iron-ore.
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