News headlines about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have been trending positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlackRock LT Municipal Advantage Trust earned a daily sentiment score of 0.34 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.1444266809372 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
BTA has been the subject of several recent research reports. Macquarie lifted their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 355 ($4.90) to GBX 380 ($5.25) and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Numis Securities reiterated a “buy” rating and issued a GBX 390 ($5.39) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, November 2nd. Credit Suisse Group cut their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 320 ($4.42) to GBX 280 ($3.87) and set a “neutral” rating for the company in a research report on Tuesday, November 7th. Finally, Deutsche Bank reissued a “sell” rating and set a GBX 265 ($3.66) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $334.62.
Shares of BlackRock LT Municipal Advantage Trust (BTA) traded down $0.04 during trading on Tuesday, reaching $11.36. 19,305 shares of the company’s stock were exchanged, compared to its average volume of 46,242. The stock has a market cap of $153.01, a P/E ratio of 29.18 and a beta of -0.13. BlackRock LT Municipal Advantage Trust has a fifty-two week low of $11.08 and a fifty-two week high of $12.54.
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BlackRock LT Municipal Advantage Trust Company Profile
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
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