British American Tobacco (NYSE:BTI) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of British American Tobacco (NYSE:BTI) from a buy rating to a hold rating in a report released on Tuesday morning.

Other research analysts also recently issued reports about the company. Barclays upgraded British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Thursday, October 3rd.

British American Tobacco Trading Up 0.2 %

BTI opened at $35.24 on Tuesday. British American Tobacco has a 1-year low of $28.25 and a 1-year high of $39.54. The stock’s 50 day simple moving average is $36.37 and its 200 day simple moving average is $34.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88.

Hedge Funds Weigh In On British American Tobacco

Several institutional investors have recently added to or reduced their stakes in BTI. Fisher Asset Management LLC grew its holdings in British American Tobacco by 124.6% in the third quarter. Fisher Asset Management LLC now owns 34,695 shares of the company’s stock valued at $1,269,000 after purchasing an additional 19,249 shares during the period. Pekin Hardy Strauss Inc. grew its stake in shares of British American Tobacco by 30.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 61,229 shares of the company’s stock valued at $2,240,000 after buying an additional 14,325 shares during the period. Larson Financial Group LLC increased its holdings in shares of British American Tobacco by 238.2% during the 3rd quarter. Larson Financial Group LLC now owns 12,003 shares of the company’s stock worth $439,000 after buying an additional 8,454 shares during the last quarter. CMG Global Holdings LLC acquired a new position in British American Tobacco in the third quarter valued at $324,000. Finally, Kingsview Wealth Management LLC purchased a new stake in British American Tobacco during the third quarter valued at about $457,000. 21.44% of the stock is currently owned by institutional investors and hedge funds.

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.