Stock Rating: Macquarie Keeps GBX 300.00 Price Target On BT Group PLC (LON:BTA), Keeps Underperform Rating

November 23, 2016 - By Ruchi Gupta

Stock Rating: Macquarie Keeps GBX 300.00 Price Target On BT Group PLC (LON:BTA), Keeps Underperform Rating

BT Group PLC (LON:BTA) Rating

They currently have a GBX 300.00 target on BT Group PLC (LON:BTA). Macquarie’s target would suggest a potential downside of -18.75% from the company’s last close price. This was shown in an analyst report on 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. UBS maintained the stock with “Sell” rating in Friday, February 12 report. Credit Suisse maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) rating on Friday, August 14. Credit Suisse has “Outperform” rating and GBX 510 price target. The rating was maintained by Credit Suisse on Monday, October 19 with “Outperform”. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Sell” rating given on Friday, October 28 by Deutsche Bank. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 28 report. As per Tuesday, October 13, the company rating was maintained by Credit Suisse. On Tuesday, August 9 the stock rating was maintained by Societe Generale with “Buy”. As per Friday, July 29, the company rating was maintained by Beaufort Securities. On Monday, June 13 the stock rating was maintained by Societe Generale with “Buy”. On Friday, July 29 the stock rating was maintained by JP Morgan with “Overweight”.

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.

Benjamin F Edwards Inc owns 1,327 shares or 0% of their US portfolio. Grimes has invested 0.03% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Guggenheim Cap Ltd Llc, a Illinois-based fund reported 212,251 shares. Moreover, Wells Fargo Com Mn has 0% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 53,229 shares. Stifel Finance last reported 10,640 shares in the company. Mackay Shields Limited Liability holds 0.1% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 156,373 shares. Highlander Mngmt Ltd accumulated 2,000 shares or 0.02% of the stock. Moreover, Tradewinds Cap Management Lc has 0.98% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 106,921 shares. Raymond James Ser Advsrs, a Florida-based fund reported 39,535 shares. Bancorporation Of Montreal Can last reported 0% of its portfolio in the stock. Fincl Bank Of America De last reported 0% of its portfolio in the stock. Nuveen Asset Mngmt Limited Liability Corp holds 17,081 shares or 0% of its portfolio. Royal Bancorp Of Canada last reported 0% of its portfolio in the stock. Robinson Capital Limited Liability Co accumulated 0.2% or 27,386 shares. Oxbow Advisors Llc owns 24,055 shares or 0.04% of their US 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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