Tata Motors Ltd (NYSE:TTM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, July 12th.

A number of other analysts have also issued reports on TTM. Zacks Investment Research lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $43.50.

Tata Motors (NYSE:TTM) traded down 1.27% during mid-day trading on Wednesday, reaching $33.53. The company’s stock had a trading volume of 2,342,654 shares. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 23.95 and a beta of 2.26. The firm’s 50 day moving average price is $34.66 and its 200 day moving average price is $35.50. Tata Motors has a 12-month low of $31.71 and a 12-month high of $44.79.

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In related news, Director Carlos Yong bought 300,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was bought at an average cost of $0.30 per share, for a total transaction of $90,000.00.

Institutional investors have recently modified their holdings of the stock. FMR LLC increased its position in shares of Tata Motors by 16.5% in the fourth quarter. FMR LLC now owns 47,240 shares of the company’s stock worth $1,625,000 after buying an additional 6,700 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Tata Motors by 23.7% in the fourth quarter. Guggenheim Capital LLC now owns 44,233 shares of the company’s stock worth $1,521,000 after buying an additional 8,470 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Tata Motors by 47.8% in the first quarter. Nordea Investment Management AB now owns 172,600 shares of the company’s stock worth $6,153,000 after buying an additional 55,794 shares during the last quarter. M&T Bank Corp increased its position in shares of Tata Motors by 105.6% in the first quarter. M&T Bank Corp now owns 90,084 shares of the company’s stock worth $3,211,000 after buying an additional 46,270 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Tata Motors during the first quarter worth approximately $17,084,000. Institutional investors own 13.27% of the company’s stock.

About Tata Motors

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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