British American Tobacco (NYSE:BTI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

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 equities analysts have also commented on BTI. Jefferies Financial Group set a $66.00 price objective on British American Tobacco and gave the stock a “buy” rating in a research note on Monday, September 17th. Sanford C. Bernstein initiated coverage on British American Tobacco in a research note on Tuesday, October 16th. They issued a “market perform” rating on the stock. UBS Group lowered British American Tobacco from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. DZ Bank reiterated a “sell” rating on shares of British American Tobacco in a research note on Thursday, October 18th. Finally, Royal Bank of Canada upgraded British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Shares of British American Tobacco stock traded up $0.53 during trading on Friday, reaching $32.70. The company’s stock had a trading volume of 2,763,900 shares, compared to its average volume of 3,890,738. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81. The firm has a market capitalization of $67.74 billion, a PE ratio of 8.89 and a beta of 0.89. British American Tobacco has a one year low of $30.67 and a one year high of $71.44.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Moody National Bank Trust Division increased its stake in British American Tobacco by 1.8% during the fourth quarter. Moody National Bank Trust Division now owns 27,546 shares of the company’s stock valued at $878,000 after acquiring an additional 478 shares during the period. Sterling Capital Management LLC boosted its holdings in British American Tobacco by 2.9% during the second quarter. Sterling Capital Management LLC now owns 33,253 shares of the company’s stock valued at $1,678,000 after purchasing an additional 948 shares in the last quarter. Whittier Trust Co. boosted its holdings in British American Tobacco by 0.7% during the third quarter. Whittier Trust Co. now owns 207,354 shares of the company’s stock valued at $9,669,000 after purchasing an additional 1,397 shares in the last quarter. Parallel Advisors LLC boosted its holdings in British American Tobacco by 84.5% during the third quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock valued at $146,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in British American Tobacco by 111.0% during the third quarter. Bessemer Group Inc. now owns 2,751 shares of the company’s stock valued at $129,000 after purchasing an additional 1,447 shares in the last quarter. Hedge funds and other institutional investors own 7.36% of the company’s stock.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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