Tata Motors Ltd (TTM) Rating Lowered to Hold at Zacks Investment Research
Tata Motors Ltd (NYSE:TTM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “Tata Motors is India’s leading automotive manufacturer. “
Separately, ValuEngine cut Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Tata Motors has a consensus rating of “Buy” and a consensus target price of $44.50.
Tata Motors (TTM) opened at 34.88 on Friday. Tata Motors has a 12 month low of $31.71 and a 12 month high of $44.79. The firm’s 50-day moving average price is $35.08 and its 200 day moving average price is $35.53.
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In other news, Director Carlos Yong bought 300,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of $0.30 per share, for a total transaction of $90,000.00.
Several large investors have recently modified their holdings of TTM. Integrated Investment Consultants LLC purchased a new stake in shares of Tata Motors during the first quarter valued at $101,000. Daiwa SB Investments Ltd. boosted its stake in shares of Tata Motors by 31.8% in the first quarter. Daiwa SB Investments Ltd. now owns 2,900 shares of the company’s stock valued at $103,000 after buying an additional 700 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Tata Motors by 439.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after buying an additional 4,404 shares in the last quarter. BB&T Corp purchased a new stake in shares of Tata Motors during the first quarter valued at $209,000. Finally, Stifel Financial Corp purchased a new stake in shares of Tata Motors during the first quarter valued at $209,000. Institutional investors and hedge funds own 13.76% of the company’s stock.
Tata Motors 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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