Today: Today, The Zacks Investment Research Downgraded Tata Motors Ltd. (TTM) to Sell

Today, The Zacks Investment Research Downgraded Tata Motors Ltd. (TTM) to Sell

Zacks Investment Research lowered shares of Tata Motors Ltd. (NYSE:TTM) from a hold rating to a sell rating in a research report released on Tuesday.

According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “

Several other brokerages also recently weighed in on TTM. Sanford C. Bernstein downgraded Tata Motors from an outperform rating to a market perform rating in a research report on Friday, September 9th. Credit Suisse Group AG raised Tata Motors from a neutral rating to an outperform rating in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $42.49.

Shares of Tata Motors (NYSE:TTM) opened at 33.51 on Tuesday. The firm’s 50-day moving average price is $38.81 and its 200-day moving average price is $37.07. Tata Motors has a 52-week low of $20.00 and a 52-week high of $44.79. The firm has a market capitalization of $22.76 billion, a PE ratio of 13.96 and a beta of 2.87.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Tata Motors by 5.4% in the second quarter. US Bancorp DE now owns 3,172 shares of the company’s stock valued at $110,000 after buying an additional 162 shares during the period. PNC Financial Services Group Inc. boosted its position in Tata Motors by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the company’s stock valued at $129,000 after buying an additional 54 shares during the period. Glenmede Trust Co. NA boosted its position in Tata Motors by 12.8% in the second quarter. Glenmede Trust Co. NA now owns 4,175 shares of the company’s stock valued at $144,000 after buying an additional 474 shares during the period. Tower Research Capital LLC TRC boosted its position in Tata Motors by 4,286.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,386 shares of the company’s stock valued at $152,000 after buying an additional 4,286 shares during the period. Finally, Advisor Group Inc. acquired a new position in Tata Motors during the second quarter valued at approximately $176,000. Institutional investors and hedge funds own 12.11% of the company’s stock.

About Tata Motors

Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.

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