British American Tobacco (NYSE:BTI) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of British American Tobacco (NYSE:BTIGet Rating) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other brokerages have also recently commented on BTI. UBS Group upped their price target on shares of British American Tobacco from GBX 3,600 ($43.50) to GBX 3,800 ($45.92) in a research report on Tuesday, May 31st. Morgan Stanley upped their target price on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a report on Tuesday, July 5th. Finally, Barclays increased their price objective on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a research note on Tuesday, June 7th.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $39.07 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.88 and a quick ratio of 0.52. British American Tobacco has a twelve month low of $33.62 and a twelve month high of $47.24. The company’s fifty day moving average is $40.38 and its 200 day moving average is $41.74.

Institutional Trading of British American Tobacco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Johnson Midwest Financial LLC raised its position in shares of British American Tobacco by 116.7% during the 1st quarter. Johnson Midwest Financial LLC now owns 650 shares of the company’s stock valued at $27,000 after buying an additional 350 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of British American Tobacco by 337.6% during the 1st quarter. JFS Wealth Advisors LLC now owns 652 shares of the company’s stock valued at $27,000 after buying an additional 503 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of British American Tobacco during the 2nd quarter valued at $29,000. Addison Advisors LLC raised its position in shares of British American Tobacco by 203.6% during the 1st quarter. Addison Advisors LLC now owns 671 shares of the company’s stock valued at $28,000 after buying an additional 450 shares in the last quarter. Finally, GoalVest Advisory LLC purchased a new stake in shares of British American Tobacco during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 6.70% of the company’s stock.

British American Tobacco Company Profile

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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