BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) “Sell” Rating Reaffirmed at UBS Group

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “sell” rating restated by UBS Group in a research note issued on Monday,Digital Look reports. They presently have a GBX 175 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 to GBX 150 and gave the company a “buy” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price target on BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the company an “overweight” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, BlackRock Long-Term Municipal Advantage Trust’s presently has an average rating of “Hold” and a consensus price target of GBX 203.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

About BlackRock Long-Term Municipal Advantage Trust’s

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).