Tata Motors Ltd. (TTM) Sets New 52-Week High at $39.15
Tata Motors Ltd. (NYSE:TTM) reached a new 52-week high on Monday . The stock traded as high as $39.15 and last traded at $39.12, with a volume of 477,693 shares changing hands. The stock had previously closed at $39.00.
Several brokerages have recently commented on TTM. Zacks Investment Research raised Tata Motors from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Credit Suisse Group AG downgraded Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.49.
The company has a 50-day moving average of $36.26 and a 200 day moving average of $30.24. The firm has a market cap of $26.38 billion and a price-to-earnings ratio of 15.92.
The company also recently disclosed an annual dividend, which was paid on Monday, July 18th. Investors of record on Monday, July 18th were paid a $0.012 dividend. The ex-dividend date was Thursday, July 14th.
A hedge fund recently raised its stake in Tata Motors stock. Wells Fargo & Company MN boosted its position in shares of Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 360,263 shares of the company’s stock after buying an additional 37,379 shares during the period. Wells Fargo & Company MN owned 0.06% of Tata Motors worth $10,616,000 as of its most recent SEC filing.
Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.
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