FY2020 Earnings Estimate for Vedanta Resources plc Issued By Jefferies Group (VDNRF)

Vedanta Resources plc (OTCMKTS:VDNRF) – Equities research analysts at Jefferies Group reduced their FY2020 earnings per share (EPS) estimates for Vedanta Resources in a report issued on Monday, April 9th. Jefferies Group analyst C. Lafemina now forecasts that the company will post earnings per share of $1.64 for the year, down from their previous forecast of $1.83.

Several other research analysts also recently issued reports on VDNRF. Zacks Investment Research downgraded shares of Vedanta Resources from a “hold” rating to a “strong sell” rating in a report on Friday, January 12th. ValuEngine raised shares of Vedanta Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th.

OTCMKTS:VDNRF opened at $10.45 on Wednesday. Vedanta Resources has a 52-week low of $7.35 and a 52-week high of $12.70. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.68 and a current ratio of 0.87.

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Vedanta Resources Company Profile

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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