Rating Worth Watching: BT Group PLC (LON:BTA) Shares Rise as JP Morgan Cazenove Reiterates Neutral Rating

November 23, 2016 - By olga

Rating Worth Watching: BT Group PLC (LON:BTA) Shares Rise as JP Morgan Cazenove Reiterates Neutral Rating

BT Group PLC (LON:BTA) Rating

BT Group PLC (LON:BTA) stock Neutral was maintained by Analysts at JP Morgan Cazenove in a report revealed to clients on Wednesday morning.

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. Morgan Stanley maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) rating on Thursday, March 31. Morgan Stanley has “Equal Weight” rating and GBX 500 price target. HSBC maintained it with “Buy” rating and GBX 460 target price in Friday, October 28 report. The rating was downgraded by JP Morgan on Friday, September 2 to “Neutral”. The rating was maintained by Deutsche Bank with “Hold” on Friday, July 31. The firm has “Sell” rating by UBS given on Monday, February 22. Haitong Securities maintained the stock with “Buy” rating in Tuesday, May 10 report. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Hold” rating given on Monday, August 15 by Jefferies. The rating was maintained by JP Morgan with “Neutral” on Monday, October 3. Societe Generale maintained it with “Buy” rating and GBX 550 target price in Monday, February 1 report. On Monday, January 4 the stock rating was maintained by Berenberg with “Buy”.

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 Q2 2016. Its up 0.94, from 0.5 in 2016Q1. The ratio increased, 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.

Oxbow Advsr Limited Liability Corp holds 0.04% or 24,055 shares in its portfolio. Advsrs Asset Management last reported 449,218 shares in the company. Invesco accumulated 526,722 shares or 0% of the stock. Raymond James Fin Services Advsr accumulated 39,535 shares or 0% of the stock. Pnc Fincl Gru last reported 1,900 shares in the company. Monetary Management Group Incorporated has invested 0.06% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Stifel Fincl, a Missouri-based fund reported 10,640 shares. Nuveen Asset Mngmt Limited Liability Corporation last reported 0% of its portfolio in the stock. Morgan Stanley holds 0% or 72,024 shares in its portfolio. Bankshares Of Montreal Can accumulated 121,500 shares or 0% of the stock. Thomas J Herzfeld has 4,206 shares for 0.03% of their US portfolio. The Massachusetts-based Grimes And Inc has invested 0.03% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Lpl Llc accumulated 11,605 shares or 0% of the stock. Royal National Bank Of Canada holds 0% or 30,700 shares in its portfolio. National Bank Of America De holds 7,422 shares or 0% of its portfolio.

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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