StockNews.com Upgrades British American Tobacco (NYSE:BTI) to “Buy”

British American Tobacco (NYSE:BTI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Separately, UBS Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Price Performance

British American Tobacco stock opened at $38.05 on Monday. The company’s 50-day moving average price is $37.85 and its 200-day moving average price is $36.98. British American Tobacco has a twelve month low of $28.25 and a twelve month high of $42.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Institutional Trading of British American Tobacco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in British American Tobacco by 35.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 207,724 shares of the company’s stock worth $7,599,000 after purchasing an additional 54,555 shares during the period. SG Americas Securities LLC raised its position in British American Tobacco by 45.3% in the 4th quarter. SG Americas Securities LLC now owns 46,286 shares of the company’s stock worth $1,681,000 after purchasing an additional 14,432 shares during the period. Charles Schwab Investment Management Inc. grew its stake in British American Tobacco by 25.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 131,871 shares of the company’s stock worth $4,824,000 after acquiring an additional 26,863 shares in the last quarter. Cerity Partners LLC grew its stake in British American Tobacco by 89.6% in the 3rd quarter. Cerity Partners LLC now owns 66,130 shares of the company’s stock worth $2,419,000 after acquiring an additional 31,250 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in British American Tobacco by 3,153.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company’s stock worth $20,927,000 after acquiring an additional 554,491 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.