StockNews.com Downgrades British American Tobacco (NYSE:BTI) to Hold

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

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

British American Tobacco Trading Up 0.2 %

Shares of BTI opened at $35.24 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. British American Tobacco has a 12 month low of $28.25 and a 12 month high of $39.54. The stock’s 50-day moving average is $36.37 and its two-hundred day moving average is $34.00.

Hedge Funds Weigh In On British American Tobacco

Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in British American Tobacco by 26.2% during the 2nd quarter. Bank of Montreal Can now owns 113,811 shares of the company’s stock valued at $3,658,000 after purchasing an additional 23,626 shares during the period. Atria Investments Inc grew its position in shares of British American Tobacco by 19.5% during the first quarter. Atria Investments Inc now owns 74,416 shares of the company’s stock worth $2,270,000 after acquiring an additional 12,150 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of British American Tobacco by 131.8% in the 1st quarter. Russell Investments Group Ltd. now owns 2,796 shares of the company’s stock worth $85,000 after acquiring an additional 1,590 shares during the period. Auxier Asset Management lifted its position in British American Tobacco by 16.0% in the 2nd quarter. Auxier Asset Management now owns 186,796 shares of the company’s stock valued at $5,778,000 after purchasing an additional 25,800 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in British American Tobacco by 19.3% in the 3rd quarter. QRG Capital Management Inc. now owns 178,595 shares of the company’s stock worth $6,533,000 after purchasing an additional 28,898 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors.

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.