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 to investors 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 midday trading on Wednesday, hitting $12.25. 100 shares of the company traded hands. Vedanta Resources plc has a 52 week low of $7.35 and a 52 week high of $13.58. The stock’s market capitalization is $3.41 billion. The company has a 50-day moving average price of $11.48 and a 200-day moving average price of $9.61.

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About Vedanta Resources plc

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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