Rating Report: BT Group PLC (LON:BTA) “Hold” Rating Reiterated by Jefferies International; The Target Price Given is GBX 385.00

November 28, 2016 - By Marguerite Chambers

Rating Report: BT Group PLC (LON:BTA)

BT Group PLC (LON:BTA) Rating

The broker have set price target of GBX 385.00 on BT Group PLC (LON:BTA) shares. This is 8.61% from the last stock price. In an analyst note revealed to investors on 28 November, Jefferies International reiterated their “Hold” rating on shares of BTA.

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 4067.21% above today’s (GBX 11.04) stock price. BT Group PLC has been the topic of 190 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Haitong Securities on Monday, January 25 with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Friday, May 6. Goldman Sachs reinitiated it with “Buy” rating and GBX 640 target price in Friday, March 4 report. The rating was maintained by Morgan Stanley with “Equal Weight” on Thursday, April 28. The rating was maintained by BNP Paribas with “Underperform” on Tuesday, December 8. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Neutral” rating given on Tuesday, May 3 by Citigroup. Credit Suisse maintained the stock with “Outperform” rating in Monday, October 19 report. As per Tuesday, November 22, the company rating was maintained by JP Morgan. The rating was maintained by Deutsche Bank on Wednesday, January 27 with “Sell”. The rating was maintained by Deutsche Bank with “Sell” on Monday, February 1.

The stock closed at GBX 11.04 during the last session. It is down 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% 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 improved, 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.

The North Carolina-based Commercial Bank Of America De has invested 0% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Mackay Shields Limited Liability accumulated 156,373 shares or 0.1% of the stock. Wells Fargo Mn accumulated 0% or 53,229 shares. Ladenburg Thalmann Fincl Ser accumulated 0% or 1,116 shares. Stifel Finance owns 10,640 shares or 0% of their US portfolio. Highlander Mngmt Limited has 0.02% invested in the company for 2,000 shares. Oxbow Advsr Limited Liability holds 24,055 shares or 0.04% of its portfolio. Moreover, Van Eck Associate has 0% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 36,719 shares. Grimes And Co accumulated 0.03% or 16,300 shares. Tradewinds Capital has 106,921 shares for 0.98% of their US portfolio. Pnc Group holds 0% or 1,900 shares in its portfolio. Morgan Stanley reported 72,024 shares or 0% of all its holdings. Monetary Mgmt Grp Inc, a Missouri-based fund reported 10,001 shares. Thomas J Herzfeld Advsrs Inc owns 4,206 shares or 0.03% of their US portfolio. Royal Savings Bank Of Canada accumulated 0% or 30,700 shares.

BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $148.99 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.25 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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