Vedanta Resources plc (VDNRF) Cut to Hold at Zacks Investment Research
Vedanta Resources plc (NASDAQ:VDNRF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “Vedanta Resources plc is engaged in exploring, extracting and processing minerals, and oil and gas. It produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas and commercial power. The company operates primarily in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates. Vedanta Resources plc is headquartered in London, the United Kingdom. “
Shares of Vedanta Resources plc (VDNRF) traded up 5.60% during trading on Wednesday, reaching $12.25. 100 shares of the company were exchanged. The company has a 50 day moving average price of $11.48 and a 200-day moving average price of $9.61. The stock’s market capitalization is $3.41 billion. Vedanta Resources plc has a one year low of $7.35 and a one year high of $13.58.
Vedanta Resources plc Company Profile
Vedanta Resources plc is a natural resources company, which is engaged in exploring, extracting and processing minerals, and oil and gas. The Company produces zinc, lead, silver, copper, aluminum, iron ore, oil and gas, and commercial power. Its operations are located in India, Zambia, Namibia, South Africa, Liberia, Ireland, Australia and the United Arab Emirates.
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