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

Zacks Investment Research lowered shares of Tata Motors Limited (NYSE:TTM) from a hold rating to a sell rating in a report issued on Saturday.

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

Separately, Deutsche Bank AG raised 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 1.389% on Friday, reaching $33.715. 1,354,652 shares of the company’s stock were exchanged. The firm has a market capitalization of $22.90 billion, a P/E ratio of 13.352 and a beta of 2.53. Tata Motors Limited has a one year low of $27.95 and a one year high of $44.79. The firm has a 50 day moving average of $35.49 and a 200 day moving average of $36.58.

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Large investors have recently made changes to their positions in the company. Mondrian Investment Partners LTD raised its stake in shares of Tata Motors Limited by 14.4% in the third quarter. Mondrian Investment Partners LTD now owns 1,247,004 shares of the company’s stock worth $49,855,000 after buying an additional 156,500 shares during the last quarter. World Asset Management Inc raised 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 worth $1,520,000 after buying an additional 2,831 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Tata Motors Limited during the fourth quarter worth approximately $38,891,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of Tata Motors Limited by 80.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 31,360 shares of the company’s stock worth $1,078,000 after buying an additional 13,992 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Tata Motors Limited during the third quarter worth approximately $5,185,000. Hedge funds and other institutional investors own 13.52% of the company’s stock.

About Tata Motors Limited

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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