BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTAGet Rating) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 195 ($2.44).

A number of brokerages recently weighed in on BTA. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 255 ($3.19) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, February 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 225 ($2.81) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Tuesday, March 22nd. Morgan Stanley reissued an “overweight” rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Tuesday, April 26th. Barclays lowered their target price on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 260 ($3.25) to GBX 240 ($3.00) and set an “overweight” rating on the stock in a research note on Friday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 140 ($1.75) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Friday, February 4th.

About BlackRock Long-Term Municipal Advantage Trust’s (Get Rating)

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) investment objective is to provide current income exempt from regular federal income tax. 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).

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Analyst Recommendations for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

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