November 30, 2016 - By Linda Rogers
In a note sent to investors and clients on Wednesday morning, Bt Group (LON:BTA) stock had its Neutral Rating restate by equity analysts at JP Morgan Cazenove. They currently have a GBX 354.00 target price on firm. JP Morgan Cazenove’s target suggests a potential downside of -1.02% from the company’s last stock close price.
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 4128.18% above today’s (GBX 10.86) stock price. BT Group PLC has been the topic of 197 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Goldman Sachs on Friday, March 4. The firm earned “Hold” rating on Tuesday, September 22 by Deutsche Bank. As per Wednesday, October 19, the company rating was maintained by BNP Paribas. HSBC maintained the shares of BTA in a report on Thursday, January 28 with “Buy” rating. UBS maintained it with “Sell” rating and GBX 430 target price in Monday, February 22 report. As per Wednesday, October 26, the company rating was maintained by Jefferies. Jefferies maintained it with “Hold” rating and GBX 400 target price in Monday, August 15 report. The firm has “Neutral” rating given on Friday, October 28 by JP Morgan. The stock has “Outperform” rating given by Credit Suisse on Friday, August 14. The rating was maintained by BNP Paribas on Friday, October 28 with “Neutral”.
About 24,690 shares traded hands. 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 Q2 2016. 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.
Monetary Management Grp holds 10,001 shares or 0.06% of its portfolio. Guggenheim Ltd Liability Corp holds 0.01% or 212,251 shares in its portfolio. Stifel Corp has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). The Colorado-based Advsrs Asset Management has invested 0.09% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Thomas J Herzfeld Advisors accumulated 0.03% or 4,206 shares. Morgan Stanley has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Benjamin F Edwards And accumulated 1,327 shares or 0% of the stock. Robinson Ltd Co holds 0.2% or 27,386 shares in its portfolio. Sit Assoc Incorporated has invested 0.24% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Raymond James Fin Advisors has 39,535 shares for 0% of their US portfolio. Grimes & Communications last reported 16,300 shares in the company. Nuveen Asset Lc, a Illinois-based fund reported 17,081 shares. Highlander Capital Ltd Liability Co holds 2,000 shares or 0.02% of its portfolio. Tradewinds Cap Mgmt Ltd Llc owns 106,921 shares or 0.98% of their US portfolio. Van Eck Corp holds 36,719 shares or 0% of its portfolio.
BlackRock Long-Term Municipal Advantage Trust is a non-diversified, closed-end management investment company. The company has a market cap of $144.58 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax. It has a 10.08 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).
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trustâ€™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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By Linda Rogers