Vedanta Resources (VDNRF) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Vedanta Resources (OTCMKTS:VDNRF) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

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 upgraded shares of Vedanta Resources from a hold rating to a buy rating in a research report on Tuesday, February 27th.

VDNRF opened at $9.50 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.68 and a current ratio of 0.87. Vedanta Resources has a twelve month low of $7.35 and a twelve month high of $13.54.

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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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