Citigroup Reiterates “Sell” Rating for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “sell” rating restated by investment analysts at Citigroup in a report issued on Friday, MarketBeat reports. They currently have a GBX 130 ($1.74) target price on the stock.

Several other brokerages have also issued reports on BTA. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 286 ($3.84) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 140 ($1.88) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Tuesday, July 8th. Finally, Berenberg Bank assumed coverage on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Wednesday, June 25th. They set a “buy” rating and a GBX 240 ($3.22) target price on the stock.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

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).