Vedanta (VEDL) Receiving Somewhat Favorable News Coverage, Report Shows

Media headlines about Vedanta (NYSE:VEDL) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vedanta earned a news impact score of 0.10 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.9376732309594 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

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VEDL traded down $0.18 on Friday, hitting $17.88. 371,683 shares of the company were exchanged, compared to its average volume of 514,715. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.75. Vedanta has a 12 month low of $13.78 and a 12 month high of $21.99. The firm has a market cap of $13,385.60, a price-to-earnings ratio of 14.00 and a beta of 1.89.

Vedanta (NYSE:VEDL) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.36 earnings per share (EPS) for the quarter. Vedanta had a return on equity of 19.51% and a net margin of 7.87%. The business had revenue of $3.85 billion for the quarter.

The business also recently declared an annual dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 23rd will be given a dividend of $1.3038 per share. This represents a yield of 6.65%. This is a positive change from Vedanta’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 22nd.

VEDL has been the topic of a number of research reports. JPMorgan Chase raised Vedanta from a “neutral” rating to an “overweight” rating in a report on Monday, February 5th. ValuEngine lowered Vedanta from a “hold” rating to a “sell” rating in a research report on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold”.

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About Vedanta

Vedanta Limited, a diversified natural resources company, engages in exploring, extracting, and processing minerals, and oil and gas in India. It produces oil and gas, zinc, lead, silver, copper, iron ore, and aluminum. The company also operates 600 megawatts of thermal coal based power facility in the State of Odisha; and 274 megawatts of wind power plants.

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