The Vedanta Ltd. (VEDL) Lifted to Buy at Citigroup Inc.

The Vedanta Ltd. (VEDL) Lifted to Buy at Citigroup Inc.

Vedanta Ltd. (NYSE:VEDL) was upgraded by equities researchers at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, Credit Agricole SA raised Vedanta from a “sell” rating to a “buy” rating in a report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.25.

Vedanta (NYSE:VEDL) traded down 0.77% during trading on Wednesday, reaching $11.63. The company’s stock had a trading volume of 96,909 shares. The firm has a 50-day moving average price of $10.27 and a 200-day moving average price of $8.05. The firm’s market capitalization is $8.62 billion. Vedanta has a 52 week low of $3.52 and a 52 week high of $11.83.

10/08/vedanta-ltd-vedl-lifted-to-buy-at-citigroup-inc.html

A number of institutional investors have recently modified their holdings of VEDL. JPMorgan Chase & Co. raised its position in shares of Vedanta by 9,622.3% in the first quarter. JPMorgan Chase & Co. now owns 315,391 shares of the company’s stock worth $1,734,000 after buying an additional 312,147 shares during the period. Renaissance Technologies LLC raised its position in shares of Vedanta by 99.4% in the first quarter. Renaissance Technologies LLC now owns 181,100 shares of the company’s stock worth $996,000 after buying an additional 90,300 shares during the period. Prudential Financial Inc. raised its position in shares of Vedanta by 8.3% in the first quarter. Prudential Financial Inc. now owns 836,307 shares of the company’s stock worth $4,600,000 after buying an additional 64,207 shares during the period. BlackRock Inc. raised its position in shares of Vedanta by 24.5% in the first quarter. BlackRock Inc. now owns 234,828 shares of the company’s stock worth $1,291,000 after buying an additional 46,180 shares during the period. Finally, HBK Investments L P raised its position in shares of Vedanta by 209.2% in the first quarter. HBK Investments L P now owns 33,700 shares of the company’s stock worth $185,000 after buying an additional 22,800 shares during the period. 3.32% of the stock is owned by institutional investors and hedge funds.

About Vedanta

Related posts

Leave a Comment