Tata Motors Limited (NYSE:TTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.
According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
Separately, Deutsche Bank AG raised shares of Tata Motors Limited from a “hold” rating to a “buy” rating in a report on Friday, January 6th.
Shares of Tata Motors Limited (NYSE:TTM) opened at 35.74 on Friday. Tata Motors Limited has a 12-month low of $27.01 and a 12-month high of $44.79. The stock has a 50 day moving average of $35.51 and a 200 day moving average of $37.41. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 14.50 and a beta of 2.53.
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A number of large investors have recently modified their holdings of the company. Bailard Inc. bought a new stake in shares of Tata Motors Limited during the third quarter valued at approximately $206,000. GHP Investment Advisors Inc. bought a new stake in shares of Tata Motors Limited during the third quarter valued at approximately $235,000. Advisor Group Inc. raised its stake in shares of Tata Motors Limited by 30.0% in the third quarter. Advisor Group Inc. now owns 6,706 shares of the company’s stock valued at $230,000 after buying an additional 1,546 shares during the last quarter. Princeton Alpha Management LP bought a new stake in shares of Tata Motors Limited during the third quarter valued at approximately $285,000. Finally, Trexquant Investment LP bought a new stake in shares of Tata Motors Limited during the fourth quarter valued at approximately $279,000. 13.52% of the stock is owned by institutional investors.
Tata Motors Limited Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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