British American Tobacco (NYSE:BTI) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

British American Tobacco Stock Up 1.0 %

Shares of NYSE BTI opened at $35.52 on Friday. The business has a 50-day moving average of $31.75 and a two-hundred day moving average of $30.61. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $35.66. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On British American Tobacco

Several hedge funds have recently added to or reduced their stakes in BTI. Heritage Wealth Advisors acquired a new position in shares of British American Tobacco in the 4th quarter valued at $26,000. Parkside Financial Bank & Trust lifted its position in British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock valued at $28,000 after acquiring an additional 710 shares during the last quarter. HBC Financial Services PLLC acquired a new position in British American Tobacco in the fourth quarter valued at $29,000. Cape Investment Advisory Inc. grew its holdings in shares of British American Tobacco by 92.7% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock worth $31,000 after purchasing an additional 510 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of British American Tobacco by 153.7% during the first quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares in the last quarter. 21.44% of the stock is currently owned by hedge funds and other institutional investors.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.