Rating Flow: BT Group PLC (LON:BTA) Investors: Macquarie Reconfirms “Underperform” Rating, Sees GBX 300.00/Share

November 30, 2016 - By Winifred Garcia

Rating Flow: BT Group PLC (LON:BTA) Investors: Macquarie Reconfirms

BT Group PLC (LON:BTA) Rating

In analysts note revealed to investors and clients on today, Macquarie kept their “Underperform” rating on BT Group PLC (LON:BTA)‘s stock. The price target gives a potential downside of -15.91% from firm’s last stock price.

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. On Friday, June 3 the stock rating was maintained by Morgan Stanley with “Equal Weight”. On Monday, August 22 the stock rating was maintained by Barclays Capital with “Overweight”. RBC Capital Markets maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Friday, October 30 with “Outperform” rating. Deutsche Bank maintained the shares of BTA in a report on Friday, September 16 with “Sell” rating. The firm earned “Buy” rating on Monday, January 25 by Haitong Securities. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) earned “Equal Weight” rating by Morgan Stanley on Thursday, April 28. The company was maintained on Wednesday, January 27 by Deutsche Bank. On Monday, February 15 the stock rating was maintained by Barclays Capital with “Overweight”. The company was maintained on Wednesday, July 27 by Jefferies. Macquarie Research maintained the shares of BTA in a report on Thursday, October 27 with “Underperform” rating.

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 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.

Raymond James Services Advsrs holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 39,535 shares. Highlander Cap Management Ltd Com has 0.02% invested in the company for 2,000 shares. Robinson Cap Mngmt Ltd accumulated 0.2% or 27,386 shares. Moreover, Guggenheim Cap Limited Liability Com has 0.01% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 212,251 shares. Stifel accumulated 0% or 10,640 shares. National Bank & Trust Of Montreal Can has 0% invested in the company for 121,500 shares. Grimes & has 0.03% invested in the company for 16,300 shares. Royal State Bank Of Canada, a Ontario – Canada-based fund reported 30,700 shares. Moreover, Tradewinds Capital Limited has 0.98% invested in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 106,921 shares. Lpl Financial Limited Liability Company has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Advsrs Asset Mgmt Inc holds 0.09% or 449,218 shares in its portfolio. Nuveen Asset Mngmt Lc accumulated 17,081 shares or 0% of the stock. Sit Associates accumulated 0.24% or 704,225 shares. Oxbow Advsrs Limited Com accumulated 24,055 shares or 0.04% of the stock. Monetary Management Inc has 0.06% invested in the company for 10,001 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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