Vedanta Resources (VDNRF) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Vedanta Resources (OTCMKTS:VDNRF) from a hold rating to a buy rating in a research report sent to investors on Friday. They currently have $11.00 price target on the stock.

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. “

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Separately, ValuEngine raised Vedanta Resources from a hold rating to a buy rating in a research note on Tuesday, February 27th.

Shares of OTCMKTS VDNRF remained flat at $$9.50 during midday trading on Friday. Vedanta Resources has a 12-month low of $7.35 and a 12-month high of $13.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.87 and a quick ratio of 0.68. The stock has a market capitalization of $2,591.99, a P/E ratio of 950.00 and a beta of 2.25.

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About Vedanta Resources

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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