Price Action to Note: Could Tata Motors Limited (ADR) Lose Strenght? The Stock Increases A Lot Today

Price Action to Note: Could Tata Motors Limited (ADR) Lose Strenght? The Stock Increases A Lot Today

The stock of Tata Motors Limited (ADR) (NYSE:TTM) is a huge mover today! About 208,060 shares traded hands. Tata Motors Limited (ADR) (NYSE:TTM) has risen 3.74% since April 26, 2016 and is uptrending. It has underperformed by 1.52% the S&P500.
The move comes after 8 months positive chart setup for the $21.22 billion company. It was reported on Nov, 29 by Barchart.com. We have $34.58 PT which if reached, will make NYSE:TTM worth $848.80 million more.

Analysts await Tata Motors Limited (ADR) (NYSE:TTM) to report earnings on February, 9.

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

Out of 5 analysts covering TTM Tech (NYSE:TTM), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. TTM Tech has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks to “Hold” on Friday, August 14. The rating was downgraded by Credit Suisse on Monday, June 27 to “Neutral”. Goldman Sachs downgraded Tata Motors Limited (ADR) (NYSE:TTM) on Monday, November 23 to “Sell” rating. Stifel Nicolaus maintained it with “Buy” rating and $9.5 target price in Monday, January 11 report. The stock has “Outperform” rating given by Bernstein on Monday, November 21. The stock of Tata Motors Limited (ADR) (NYSE:TTM) earned “Outperform” rating by Credit Suisse on Tuesday, November 8. The stock of Tata Motors Limited (ADR) (NYSE:TTM) earned “Outperform” rating by Bernstein on Tuesday, November 3. The rating was upgraded by Stifel Nicolaus on Monday, August 10 to “Hold”. Needham maintained the stock with “Buy” rating in Thursday, August 6 report. Bernstein downgraded Tata Motors Limited (ADR) (NYSE:TTM) on Friday, September 9 to “Mkt Perform” rating.

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: “/quotes/zigman/3870025/realtime” 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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