British American Tobacco (NYSE:BTI) Raised to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of British American Tobacco (NYSE:BTI) from a sell rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

Several other equities analysts also recently weighed in on BTI. Morgan Stanley initiated coverage on in a research report on Monday, June 17th. They issued an equal weight rating and a GBX 215 ($2.81) target price for the company. Citigroup downgraded OIL SEARCH LTD/ADR from a neutral rating to a sell rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $53.00.

NYSE BTI opened at $36.29 on Tuesday. The firm has a market cap of $77.76 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.28 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77. The firm has a 50-day moving average price of $36.41. British American Tobacco has a 1-year low of $30.67 and a 1-year high of $55.77.

Institutional investors have recently made changes to their positions in the company. WP Advisors LLC acquired a new position in shares of British American Tobacco during the first quarter worth about $26,000. Lenox Wealth Management Inc. grew its position in shares of British American Tobacco by 153.3% during the first quarter. Lenox Wealth Management Inc. now owns 775 shares of the company’s stock worth $32,000 after buying an additional 469 shares in the last quarter. Alera Investment Advisors LLC grew its position in shares of British American Tobacco by 50.1% during the first quarter. Alera Investment Advisors LLC now owns 833 shares of the company’s stock worth $35,000 after buying an additional 278 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in British American Tobacco by 141.7% in the first quarter. Enterprise Financial Services Corp now owns 863 shares of the company’s stock valued at $36,000 after purchasing an additional 506 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in British American Tobacco by 90.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,146 shares of the company’s stock valued at $37,000 after purchasing an additional 545 shares in the last quarter. 6.10% of the stock is owned by institutional investors and hedge funds.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

Read More: What is Net Asset Value (NAV)?

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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