Rating Buzzer: BT Group PLC (LON:BTA) “Underperform” Rating Reconfirmed at Macquarie; With GBX 300.00 Target

November 24, 2016 - By Richard Conner

Rating Buzzer: BT Group PLC (LON:BTA)

BT Group PLC (LON:BTA) Rating

Macquarie have a GBX 300.00 price target on the stock. The price target suggests a potential downside of -16.00% from BT Group PLC (LON:BTA)‘s last price. This rating was released in a note on Thursday, 24 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 4089.98% above today’s (GBX 10.98) stock price. BT Group PLC has been the topic of 189 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, September 30, the company rating was maintained by Barclays Capital. The rating was maintained by BNP Paribas with “Underperform” on Tuesday, December 8. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) earned “Buy” rating by Berenberg on Wednesday, December 9. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Hold” rating given on Monday, July 25 by Jefferies. Credit Suisse maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) rating on Monday, September 7. Credit Suisse has “Outperform” rating and GBX 510 price target. The rating was maintained by RBC Capital Markets on Friday, October 30 with “Outperform”. Haitong Securities maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Friday, February 26 with “Buy” rating. The company was maintained on Wednesday, July 20 by Haitong Securities. Societe Generale maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Friday, February 26 with “Buy” rating. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) earned “Hold” rating by Deutsche Bank on Thursday, October 22.

The stock decreased 0.81% or GBX 0.09 on November 23, hitting GBX 10.98. About 54,265 shares traded hands or 25.46% up from the average. BlackRock LT Municipal Advantage Trust (LON:BTA) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% 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 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.

First Advsrs Lp reported 33,179 shares or 0% of all its holdings. Royal Financial Bank Of Canada has 0% invested in the company for 30,700 shares. Raymond James Ser Advsr holds 39,535 shares or 0% of its portfolio. Oxbow Advisors Llc holds 24,055 shares or 0.04% of its portfolio. The New York-based Morgan Stanley has invested 0% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Pnc Financial Gru reported 1,900 shares or 0% of all its holdings. National Bank & Trust Of Montreal Can holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 121,500 shares. Stifel Financial accumulated 0% or 10,640 shares. Grimes & has 0.03% invested in the company for 16,300 shares. The Florida-based Thomas J Herzfeld Advsr has invested 0.03% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Wells Fargo Commerce Mn holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 53,229 shares. Highlander Cap Management Limited Liability Company has invested 0.02% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Guggenheim Limited Liability holds 0.01% or 212,251 shares in its portfolio. Mackay Shields Ltd Limited Liability Company accumulated 156,373 shares or 0.1% of the stock. Sit Invest Assoc Inc last reported 0.24% of its portfolio in the stock.

BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $146.74 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.19 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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