Shares of Tata Motors Ltd. (NYSE:TTM) rose 1.7% during mid-day trading on Friday . The stock traded as high as $39.00 and last traded at $38.58, with a volume of 1,026,380 shares changing hands. The stock had previously closed at $37.93.

TTM has been the topic of several recent research reports. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 18th. Credit Suisse Group AG downgraded Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.49.

The firm has a market capitalization of $26.32 billion and a PE ratio of 15.89. The company’s 50-day moving average is $37.45 and its 200-day moving average is $31.31.

A hedge fund recently raised its stake in Tata Motors stock. Wells Fargo & Company MN raised its stake in shares of Tata Motors Ltd. (NYSE:TTM) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

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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