British American Tobacco (NYSE:BTI) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of British American Tobacco (NYSE:BTI) from a neutral rating to a buy rating in a research note released on Monday morning, MarketBeat reports.

Several other brokerages have also recently issued reports on BTI. StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Morgan Stanley cut shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd. Finally, Barclays raised shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Stock Up 0.2 %

NYSE BTI opened at $39.25 on Monday. The stock’s fifty day moving average price is $37.01 and its 200 day moving average price is $36.34. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $39.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Institutional Investors Weigh In On British American Tobacco

Several hedge funds have recently bought and sold shares of BTI. Key Client Fiduciary Advisors LLC lifted its stake in shares of British American Tobacco by 2.0% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 15,047 shares of the company’s stock valued at $547,000 after purchasing an additional 295 shares during the period. ORG Partners LLC boosted its stake in shares of British American Tobacco by 35.1% during the 4th quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after acquiring an additional 299 shares in the last quarter. First City Capital Management Inc. grew its position in shares of British American Tobacco by 2.8% during the 3rd quarter. First City Capital Management Inc. now owns 10,890 shares of the company’s stock valued at $398,000 after acquiring an additional 300 shares during the period. Grove Bank & Trust increased its stake in shares of British American Tobacco by 11.0% in the 3rd quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock valued at $116,000 after purchasing an additional 314 shares in the last quarter. Finally, Greenleaf Trust boosted its position in British American Tobacco by 1.8% during the third quarter. Greenleaf Trust now owns 21,211 shares of the company’s stock worth $776,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Company Profile

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.