Today’s Rating: BT Group PLC (LON:BTA) “Neutral” Rating Reconfirmed by JP Morgan Cazenove

November 30, 2016 - By Vivian Park

Today's Rating: BT Group PLC (LON:BTA)

BT Group PLC (LON:BTA) Rating

BT Group PLC (LON:BTA) stock had its “Neutral” Rating reaffirmed by investment analysts at JP Morgan Cazenove in an analyst note issued on Wednesday, 30 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 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. The firm has “Buy” rating by Berenberg given on Monday, August 3. The firm has “Overweight” rating by Barclays Capital given on Friday, September 18. The rating was maintained by JP Morgan with “Neutral” on Monday, October 3. The stock of BlackRock LT Municipal Advantage Trust (NYSE:BTA) has “Conviction Buy” rating given on Thursday, June 16 by Goldman Sachs. Jefferies maintained the stock with “Hold” rating in Tuesday, April 26 report. The firm has “Overweight” rating by Barclays Capital given on Friday, May 6. The rating was maintained by Haitong Securities on Monday, January 25 with “Buy”. The firm has “Buy” rating by Goldman Sachs given on Tuesday, October 18. The firm has “Buy” rating by Nomura given on Friday, July 31. BNP Paribas maintained BlackRock LT Municipal Advantage Trust (NYSE:BTA) on Thursday, October 6 with “Neutral” 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 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.

Guggenheim Capital Ltd Liability Company has 212,251 shares for 0.01% of their US portfolio. Robinson Capital Ltd has 27,386 shares for 0.2% of their US portfolio. Lpl Lc has invested 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Van Eck Corp holds 0% or 36,719 shares in its portfolio. Bank & Trust Of America De holds 0% or 7,422 shares in its portfolio. Stifel Corp last reported 0% of its portfolio in the stock. Sit Investment Assoc owns 704,225 shares or 0.24% of their US portfolio. Benjamin F Edwards accumulated 0% or 1,327 shares. Invesco Limited has 0% invested in the company for 526,722 shares. Ladenburg Thalmann Financial accumulated 0% or 1,116 shares. Retail Bank Of Montreal Can owns 121,500 shares or 0% of their US portfolio. Thomas J Herzfeld Advisors owns 4,206 shares or 0.03% of their US portfolio. The California-based Wells Fargo Mn has invested 0% in BlackRock LT Municipal Advantage Trust (NYSE:BTA). Raymond James Services Advsrs Inc holds 0% of its portfolio in BlackRock LT Municipal Advantage Trust (NYSE:BTA) for 39,535 shares. Royal Natl Bank Of Canada accumulated 30,700 shares or 0% of the stock.

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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