British American Tobacco (NYSE:BTI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

A number of other research firms also recently issued reports on BTI. Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Finally, Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a “buy” rating in a research report on Saturday, November 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $77.33.

British American Tobacco (BTI) traded down $0.08 during mid-day trading on Monday, hitting $66.89. 1,541,600 shares of the stock were exchanged, compared to its average volume of 1,382,367. British American Tobacco has a 52 week low of $56.38 and a 52 week high of $73.41. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87. The firm has a market cap of $154,770.00, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01.

Several institutional investors and hedge funds have recently modified their holdings of the company. Miles Capital Inc. increased its stake in shares of British American Tobacco by 0.4% during the 2nd quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock worth $337,000 after purchasing an additional 20 shares in the last quarter. National Asset Management Inc. increased its stake in shares of British American Tobacco by 1.2% during the 2nd quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock worth $246,000 after purchasing an additional 44 shares in the last quarter. Fiera Capital Corp increased its stake in shares of British American Tobacco by 1.8% during the 2nd quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock worth $225,000 after purchasing an additional 59 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of British American Tobacco by 2.5% during the 2nd quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock worth $369,000 after purchasing an additional 131 shares in the last quarter. Finally, FTB Advisors Inc. increased its stake in shares of British American Tobacco by 10.7% during the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after purchasing an additional 174 shares in the last quarter. 8.65% of the stock is owned by institutional investors and hedge funds.

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British American Tobacco Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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