British American Tobacco (NYSE:BTI) Raised to “Hold” at Zacks Investment Research

British American Tobacco (NYSE:BTIGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada cut shares of British American Tobacco to a “sector perform” rating in a research note on Tuesday, February 15th. StockNews.com assumed coverage on shares of British American Tobacco in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. raised shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $3,600.00.

Shares of BTI traded up $0.50 during mid-day trading on Tuesday, reaching $44.26. 2,027,226 shares of the company’s stock were exchanged, compared to its average volume of 4,289,695. The company has a current ratio of 0.85, a quick ratio of 0.50 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $42.35 and a two-hundred day simple moving average of $40.61. British American Tobacco has a 52-week low of $33.62 and a 52-week high of $47.24.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brookstone Capital Management grew its stake in shares of British American Tobacco by 0.6% during the 1st quarter. Brookstone Capital Management now owns 37,084 shares of the company’s stock valued at $1,588,000 after buying an additional 236 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of British American Tobacco by 11.1% during the 4th quarter. Lindbrook Capital LLC now owns 2,374 shares of the company’s stock valued at $89,000 after acquiring an additional 237 shares in the last quarter. Eagle Global Advisors LLC lifted its holdings in shares of British American Tobacco by 0.6% during the 4th quarter. Eagle Global Advisors LLC now owns 43,369 shares of the company’s stock valued at $1,622,000 after acquiring an additional 253 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of British American Tobacco by 11.7% during the 4th quarter. NEXT Financial Group Inc now owns 2,433 shares of the company’s stock valued at $91,000 after acquiring an additional 254 shares in the last quarter. Finally, Sage Rhino Capital LLC lifted its holdings in shares of British American Tobacco by 3.8% during the 4th quarter. Sage Rhino Capital LLC now owns 7,135 shares of the company’s stock valued at $267,000 after acquiring an additional 260 shares in the last quarter. 13.18% of the stock is owned by institutional investors.

About British American Tobacco (Get Rating)

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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