Ratings Change: BT Group PLC (LON:BTA) “Sell” Rating Reiterated at Deutsche Bank

November 28, 2016 - By Adrian Mccoy

Ratings Change: BT Group PLC (LON:BTA)

BT Group PLC (LON:BTA) Rating

BT Group PLC (LON:BTA) had its stock rating reaffirmed as “Sell” by investment analysts at Deutsche Bank. This was disclosed in an analyst note on 28 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 4063.44% above today’s (GBX 11.05) stock price. BT Group PLC has been the topic of 190 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Citigroup maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Thursday, October 8 with “Neutral” rating. BNP Paribas maintained the shares of BTA in a report on Friday, October 28 with “Neutral” rating. The firm has “Outperform” rating given on Friday, October 30 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, October 28 by JP Morgan. The stock has “Buy” rating given by Berenberg on Monday, June 13. The firm has “Buy” rating by Beaufort Securities given on Friday, May 6. The firm has “Buy” rating given on Thursday, May 5 by Haitong Securities. The stock has “Hold” rating given by Jefferies on Friday, May 6. The stock has “Sell” rating given by Deutsche Bank on Monday, May 9. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Buy” rating given on Thursday, October 29 by Beaufort Securities.

The stock increased 0.64% or GBX 0.07 on November 25, hitting GBX 11.05. BlackRock LT Municipal Advantage Trust (LON:BTA) has risen 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 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.

Royal Comml Bank Of Canada accumulated 0% or 30,700 shares. First Advsrs Limited Partnership accumulated 0% or 33,179 shares. Sit Inv Assoc Incorporated has invested 0.24% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Pnc Service Grp Inc has 1,900 shares for 0% of their US portfolio. Moreover, Grimes And Inc has 0.03% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 16,300 shares. The Colorado-based Asset Management has invested 0.09% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). The Ontario – Canada-based State Bank Of Montreal Can has invested 0% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Nuveen Asset Mngmt Ltd holds 0% or 17,081 shares in its portfolio. Oxbow Advisors Ltd Company holds 24,055 shares or 0.04% of its portfolio. Thomas J Herzfeld Advisors accumulated 0.03% or 4,206 shares. The California-based Lpl Fincl Limited Liability Corp has invested 0% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Moreover, Stifel has 0% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 10,640 shares. Moreover, Van Eck Associates has 0% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 36,719 shares. Highlander Capital Management Ltd Llc has 2,000 shares for 0.02% of their US portfolio. Wells Fargo Mn holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 53,229 shares.

BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $149.13 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.26 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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