Tata Motors Limited (ADR) (NYSE:TTM) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 27, 2016
Just yesterday Tata Motors Limited (ADR) (NYSE:TTM) traded -0.24% lower at $33.94. Tata Motors Limited (ADR)’s 50-day moving average is $38.48 and its 200-day moving average is $37.09. The last closing price is down -9.88% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 1,322,737 shares of TTM changing hands over the typical 1,317,840
Zacks Investment Research has downgraded Tata Motors Limited (ADR) (NYSE:TTM) to Sell in a report released on 11/22/2016.
With a total market value of $0, Tata Motors Limited (ADR) has price-earnings ratio of 13.99 with a one year low of $20.00 and a one year high of $44.79 .
A total of 1 brokerage has issued a ratings update on Tata Motors Limited (ADR). 1 broker rating the stock a strong buy, 0 analysts rating the company a buy, zero analysts rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a one year target of $40.00.
Brief Synopsis About Tata Motors Limited (ADR) (NYSE:TTM)
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. The Company's automotive segment operations include all activities relating to the development, design, manufacture, assembly and sale of vehicles, including vehicle financing, as well as sale of related parts and accessories. In the automotive segment, the Company manufactures and sells passenger cars, utility vehicles, light commercial vehicles, and medium and heavy commercial vehicles. The Company's all other operations segment mainly includes information technology (IT) services, and machine tools and factory automation services. The Company operates in over 160 countries across the world.
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