Tata Motors Limited (TTM) Rating Lowered to Sell at Zacks Investment Research

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

Shares of Tata Motors Limited (NYSE:TTM) traded down 1.37% during trading on Friday, reaching $33.72. 1,615,228 shares of the company’s stock were exchanged. The company has a market capitalization of $22.90 billion, a PE ratio of 13.35 and a beta of 2.53. Tata Motors Limited has a 52-week low of $27.95 and a 52-week high of $44.79. The company has a 50 day moving average price of $35.49 and a 200-day moving average price of $36.57.

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A number of large investors have recently modified their holdings of TTM. Nordea Investment Management AB increased its stake in shares of Tata Motors Limited by 0.9% in the third quarter. Nordea Investment Management AB now owns 153,501 shares of the company’s stock valued at $6,137,000 after buying an additional 1,341 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Tata Motors Limited during the third quarter valued at approximately $1,093,000. World Asset Management Inc increased its stake in shares of Tata Motors Limited by 8.0% in the third quarter. World Asset Management Inc now owns 38,014 shares of the company’s stock valued at $1,520,000 after buying an additional 2,831 shares during the last quarter. DnB Asset Management AS increased its stake in shares of Tata Motors Limited by 6.9% in the third quarter. DnB Asset Management AS now owns 15,598 shares of the company’s stock valued at $624,000 after buying an additional 1,000 shares during the last quarter. Finally, James Investment Research Inc. increased its stake in shares of Tata Motors Limited by 45.1% in the third quarter. James Investment Research Inc. now owns 16,400 shares of the company’s stock valued at $656,000 after buying an additional 5,100 shares during the last quarter. 13.52% of the stock is owned by hedge funds and other 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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