British American Tobacco (BTI) Downgraded by UBS Group to “Sell”

UBS Group downgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, The Fly reports.

Several other analysts also recently issued reports on BTI. Jefferies Financial Group downgraded shares of British American Tobacco to a buy rating in a research note on Friday, August 24th. Royal Bank of Canada downgraded shares of British American Tobacco to an underperform rating in a research note on Monday, September 3rd. Zacks Investment Research raised shares of British American Tobacco from a sell rating to a hold rating in a research note on Wednesday, September 5th. Finally, Sanford C. Bernstein started coverage on shares of British American Tobacco in a research note on Tuesday. They set a market perform rating on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. British American Tobacco presently has an average rating of Hold and an average price target of $73.00.

NYSE:BTI traded up $0.95 during trading hours on Thursday, hitting $43.35. 92,373 shares of the stock traded hands, compared to its average volume of 2,910,865. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. British American Tobacco has a fifty-two week low of $41.69 and a fifty-two week high of $71.44. The company has a market cap of $91.80 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in shares of British American Tobacco in the second quarter worth $130,000. NuWave Investment Management LLC acquired a new position in shares of British American Tobacco in the second quarter worth $143,000. Mount Yale Investment Advisors LLC acquired a new position in shares of British American Tobacco in the first quarter worth $148,000. Assetmark Inc. increased its stake in shares of British American Tobacco by 44.6% in the second quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock worth $157,000 after acquiring an additional 962 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of British American Tobacco in the second quarter worth $182,000. 7.68% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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