Tata Motors Limited (TTM) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Tata Motors Limited (NYSE:TTM) from a hold rating to a sell rating in a research note released 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 research report on Friday, January 6th.

Tata Motors Limited (NYSE:TTM) traded down 1.37% on Friday, hitting $33.72. 1,482,991 shares of the stock were exchanged. The company has a 50 day moving average of $35.49 and a 200 day moving average of $36.57. Tata Motors Limited has a one year low of $27.95 and a one year high of $44.79. The stock has a market capitalization of $22.90 billion, a P/E ratio of 13.35 and a beta of 2.53.

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Institutional investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new position in Tata Motors Limited during the first quarter worth approximately $101,000. Daiwa SB Investments Ltd. raised its position in Tata Motors Limited by 31.8% in the first quarter. Daiwa SB Investments Ltd. now owns 2,900 shares of the company’s stock worth $103,000 after buying an additional 700 shares in the last quarter. Bailard Inc. acquired a new position in Tata Motors Limited during the third quarter worth approximately $206,000. Advisor Group Inc. raised its position in Tata Motors Limited by 30.0% in the third quarter. Advisor Group Inc. now owns 6,706 shares of the company’s stock worth $230,000 after buying an additional 1,546 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Tata Motors Limited during the third quarter worth approximately $235,000. 13.52% of the stock is currently owned by institutional investors and hedge funds.

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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