BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Given Average Recommendation of “Hold” by Brokerages

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTAGet Free Report) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 172.50 ($2.18).

Separately, JPMorgan Chase & Co. increased their price target on BlackRock Long-Term Municipal Advantage Trust’s from GBX 280 ($3.54) to GBX 290 ($3.66) and gave the company a “top pick” rating in a report on Monday, December 4th.

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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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