Zacks downgraded shares of Tata Motors (NYSE: TTM) from a neutral rating to an underperform rating in a research report sent to investors on Monday. The firm currently has $26.50 price target on the stock.
Tata Motors opened at 28.40 on Monday. Tata Motors has a 52-week low of $18.83 and a 52-week high of $30.85. The stock’s 50-day moving average is currently $28.64. The company has a market cap of $18.026 billion and a price-to-earnings ratio of 7.41.
TTM has been the subject of a number of other recent research reports. Analysts at Deutsche Bank downgraded shares of Tata Motors from a hold rating to a sell rating in a research note to investors on Friday, January 18th. Separately, analysts at Credit Suisse upgraded shares of Tata Motors from a neutral rating to an outperform rating in a research note to investors on Tuesday, January 8th. Finally, analysts at Bank of America upgraded shares of Tata Motors from a neutral rating to a buy rating in a research note to investors on Wednesday, January 2nd.
Nineteen equities research analysts have rated the stock with a buy rating, fifteen have assigned an overweight rating, ten have assigned a hold rating, two have assigned an underweight rating, and five have assigned a sell rating to the company’s stock. The stock has a consensus rating of overweight and a consensus price target of $29.89.
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