Tata Motors Limited (TTM) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Tata Motors Limited (NYSE:TTM) from a sell rating to a hold rating in a report released on Saturday, April 15th. The brokerage currently has $39.00 price target on the stock.

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.

Tata Motors Limited (NYSE:TTM) traded up 0.36% during mid-day trading on Friday, reaching $33.88. 795,813 shares of the company were exchanged. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 13.31 and a beta of 2.53. The stock’s 50-day moving average price is $34.86 and its 200-day moving average price is $35.75. Tata Motors Limited has a 1-year low of $27.95 and a 1-year high of $44.79.

TRADEMARK VIOLATION WARNING: This story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/05/15/tata-motors-limited-ttm-rating-increased-to-hold-at-zacks-investment-research-updated-updated.html.

Institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC boosted its position in shares of Tata Motors Limited by 0.7% in the first quarter. Fisher Asset Management LLC now owns 9,059,921 shares of the company’s stock valued at $322,986,000 after buying an additional 60,739 shares during the period. Wellington Management Group LLP boosted its position in shares of Tata Motors Limited by 189.9% in the first quarter. Wellington Management Group LLP now owns 7,271,482 shares of the company’s stock valued at $259,228,000 after buying an additional 4,763,259 shares during the period. Cambiar Investors LLC purchased a new position in shares of Tata Motors Limited during the first quarter valued at about $182,907,000. Coronation Fund Managers Ltd. boosted its position in shares of Tata Motors Limited by 15.9% in the first quarter. Coronation Fund Managers Ltd. now owns 5,073,151 shares of the company’s stock valued at $180,858,000 after buying an additional 695,674 shares during the period. Finally, FIL Ltd boosted its position in shares of Tata Motors Limited by 16.9% in the fourth quarter. FIL Ltd now owns 5,040,315 shares of the company’s stock valued at $173,336,000 after buying an additional 729,820 shares during the period. 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.

5 Day Chart for NYSE:TTM

Get a free copy of the Zacks research report on Tata Motors Limited (TTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about Tata Motors Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tata Motors Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit