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Tata Motors Limited (NYSE:TTM) was downgraded by Bernstein to a “market perform” rating in a research note issued on Wednesday.

Shares of Tata Motors Limited (NYSE:TTM) opened at 48.32 on Wednesday. Tata Motors Limited has a 52-week low of $23.05 and a 52-week high of $48.64. The stock’s 50-day moving average is $42.86 and its 200-day moving average is $38.68. The company has a market cap of $31.105 billion and a P/E ratio of 10.65.

Tata Motors Limited (NYSE:TTM) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.38 earnings per share (EPS) for the quarter.

TTM has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein downgraded shares of Tata Motors Limited from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, analysts at Jefferies Group upgraded shares of Tata Motors Limited from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, analysts at Zacks upgraded shares of Tata Motors Limited from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $43.90 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $43.90.

Tata Motors Limited is an automobile company. Through its other subsidiary, the Company is engaged in providing engineering and automotive solutions, construction equipment manufacturing, automotive vehicle components manufacturing and supply chain activities, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for automotive and computer applications, and automotive retailing and service operations.

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