Rating to Follow: -17.94% to Target, Macquarie Reaffirms “Underperform” Rating for Bt Group (LON:BTA) Stock

November 23, 2016 - By Ellis Scott

Rating to Follow:  17.94% to Target, Macquarie Reaffirms

Bt Group (LON:BTA) Rating

They currently have a GBX 300.00 target price per share on Bt Group (LON:BTA). Macquarie’s target would suggest a potential downside of -17.94% from the company’s close price. This was released in analysts note on Wednesday, 23 November.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) Ratings Coverage

Out of 19 analysts covering BT Group PLC (LON:BTA), 10 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 53% are positive. GBX 650 is the highest target while GBX 300 is the lowest. The GBX 460.06 average target is 4052.17% above today’s (GBX 11.08) stock price. BT Group PLC has been the topic of 189 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Friday, July 29 with “Sell” rating. Barclays Capital maintained the stock with “Overweight” rating in Monday, September 28 report. JP Morgan downgraded the stock to “Neutral” rating in Friday, September 2 report. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Buy” rating given on Wednesday, February 24 by Haitong Securities. Jefferies maintained the stock with “Hold” rating in Monday, August 15 report. Jefferies maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) rating on Wednesday, July 27. Jefferies has “Hold” rating and GBX 405 price target. Deutsche Bank maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Monday, February 1 with “Sell” rating. The firm has “Neutral” rating given on Monday, June 27 by Credit Suisse. Deutsche Bank downgraded the stock to “Sell” rating in Wednesday, December 16 report. The firm has “Hold” rating given on Tuesday, June 21 by Jefferies.

The stock increased 0.48% or GBX 0.05 on November 22, hitting GBX 11.08. BlackRock LT Municipal Advantage Trust (LON:BTA) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.94, from 0.5 in 2016Q1. The ratio is positive, as 7 funds sold all BlackRock LT Municipal Advantage Trust shares owned while 11 reduced positions. 2 funds bought stakes while 7 increased positions. They now own 2.68 million shares or 12.19% less from 3.05 million shares in 2016Q1.

Pnc Fin Services Grp Inc holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 1,900 shares. Nuveen Asset Mgmt Ltd reported 17,081 shares or 0% of all its holdings. Royal Natl Bank Of Canada holds 0% or 30,700 shares in its portfolio. Moreover, Grimes And has 0.03% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 16,300 shares. Asset Management Inc last reported 449,218 shares in the company. Thomas J Herzfeld has 0.03% invested in the company for 4,206 shares. Lpl Finance Limited Co holds 11,605 shares or 0% of its portfolio. Invesco Limited owns 526,722 shares or 0% of their US portfolio. Van Eck Assoc holds 36,719 shares or 0% of its portfolio. Monetary Management Gru owns 10,001 shares or 0.06% of their US portfolio. First Trust Advsr L P has 33,179 shares for 0% of their US portfolio. Wells Fargo And Mn last reported 53,229 shares in the company. Guggenheim Capital has 0.01% invested in the company for 212,251 shares. Mackay Shields Ltd last reported 0.1% of its portfolio in the stock. State Bank Of America De last reported 7,422 shares in the company.

BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $149.50 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.29 P/E ratio. 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).

BTA 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, which in the opinion of bond counsel to the issuer, is exempt from regular Federal income tax. Under normal market conditions, the Trust will invest at least 80% of its total assets in municipal bonds, municipal securities and derivative instruments with exposure to such bonds and securities, in each case that are expected to pay interest or income that is exempt from regular Federal income tax. The Trust may invest up to 25% of its net assets in residual interest municipal tender option bonds.

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