Rating Action: BT Group PLC (LON:BTA) Stock “Buy” Rating Reaffirmed at HSBC; The Price Target is Set to GBX 470.00

November 30, 2016 - By whatsonthorold

Rating Action: BT Group PLC (LON:BTA) Stock

BT Group PLC (LON:BTA) Rating

HSBC have a GBX 470.00 PT on the stock. The PT indicates a potential upside of 31.00% from BT Group PLC (LON:BTA)‘s current price. This rating was shown in a report 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 459.18 average target is 4097.26% above today’s (GBX 10.94) stock price. BT Group PLC has been the topic of 197 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Friday, February 26 report. Societe Generale maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) rating on Monday, February 1. Societe Generale has “Buy” rating and GBX 550 price target. The rating was maintained by Credit Suisse on Tuesday, May 3 with “Outperform”. On Friday, April 8 the stock rating was maintained by Deutsche Bank with “Sell”. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Sell” rating given on Monday, February 1 by Deutsche Bank. Jefferies maintained the shares of BTA in a report on Monday, July 25 with “Hold” rating. The firm has “Conviction Buy” rating given on Thursday, June 16 by Goldman Sachs. Haitong Securities maintained the stock with “Buy” rating in Monday, April 18 report. The firm earned “Sell” rating on Wednesday, January 27 by Deutsche Bank. The rating was reinitiated by JP Morgan with “Overweight” on Tuesday, January 12.

The stock decreased 0.73% or GBX 0.08 on November 29, hitting GBX 10.94. BlackRock LT Municipal Advantage Trust (LON:BTA) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% 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 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.

Wells Fargo & Mn has 53,229 shares for 0% of their US portfolio. Moreover, Guggenheim Cap Limited has 0.01% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 212,251 shares. Grimes And Inc has invested 0.03% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Van Eck Associate Corp accumulated 0% or 36,719 shares. Tradewinds Cap Mgmt Ltd Liability Company holds 0.98% or 106,921 shares in its portfolio. Morgan Stanley accumulated 72,024 shares or 0% of the stock. Pnc Fin Inc has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Stifel Finance holds 10,640 shares or 0% of its portfolio. Thomas J Herzfeld Advsrs accumulated 4,206 shares or 0.03% of the stock. First Lp owns 33,179 shares or 0% of their US portfolio. State Bank Of Montreal Can owns 121,500 shares or 0% of their US portfolio. Asset Management Incorporated holds 449,218 shares or 0.09% of its portfolio. Benjamin F Edwards And holds 0% or 1,327 shares in its portfolio. Lpl Llc has 11,605 shares for 0% of their US portfolio. Robinson Mgmt Lc holds 0.2% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 27,386 shares.

BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $146.71 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.16 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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