Today’s Price Action: What’s Ahead for Tata Motors Limited (ADR) After Today’s Big Increase?

Today's Price Action: What's Ahead for Tata Motors Limited (ADR) After Today's Big Increase?

The stock of Tata Motors Limited (ADR) (NYSE:TTM) is a huge mover today! About 385,438 shares traded hands. Tata Motors Limited (ADR) (NYSE:TTM) has risen 79.85% since February 29, 2016 and is uptrending. It has outperformed by 67.63% the S&P500.
The move comes after 6 months positive chart setup for the $26.60B company. It was reported on Oct, 3 by Barchart.com. We have $52.90 PT which if reached, will make NYSE:TTM worth $7.98 billion more.

Tata Motors Limited (ADR) (NYSE:TTM) Ratings Coverage

Out of 5 analysts covering TTM Tech (NYSE:TTM), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. TTM Tech has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded Tata Motors Limited (ADR) (NYSE:TTM) on Monday, June 27 to “Neutral” rating. The stock has “Outperform” rating given by Bernstein on Tuesday, November 3. The stock of Tata Motors Limited (ADR) (NYSE:TTM) has “Hold” rating given on Friday, August 14 by Zacks. Stifel Nicolaus maintained the shares of TTM in a report on Monday, January 11 with “Buy” rating. As per Monday, August 10, the company rating was upgraded by Stifel Nicolaus. On Friday, September 9 the stock rating was downgraded by Bernstein to “Mkt Perform”. Needham maintained the stock with “Buy” rating in Thursday, August 6 report. As per Monday, November 23, the company rating was downgraded by Goldman Sachs.

According to Zacks Investment Research, “Tata Motors is India’s leading automotive manufacturer.”

More recent Tata Motors Limited (ADR) (NYSE:TTM) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on July 12, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Investorplace.com‘s news article titled: “Why Celator Pharmaceuticals Inc (CPXX), Tata Motors Limited (ADR) (TTM) and …” with publication date: May 31, 2016 was also an interesting one.

TTM Company Profile

Tata Motors Limited, incorporated on September 1, 1945, is an automobile company. The Firm is engaged in manufacture of motor vehicles. The Company’s divisions include automotive activities and all other operations. The Firm 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 Firm markets its commercial and passenger vehicles in various countries in Africa, the Middle East, South East Asia, South Asia, Australia, and Russia and the Commonwealth of Independent States countries. The Firm operates in over 160 countries across the world.

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