British American Tobacco (NYSE:BTI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a research report released on Saturday morning.

Other equities research analysts have also issued reports about the stock. BTIG Research started coverage on shares of British American Tobacco in a report on Tuesday, July 21st. They set a “buy” rating for the company. Weiss Ratings raised shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, British American Tobacco currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

British American Tobacco Stock Performance

NYSE:BTI opened at $59.53 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50. British American Tobacco has a fifty-two week low of $49.88 and a fifty-two week high of $67.30. The business has a 50 day moving average price of $61.07 and a 200-day moving average price of $60.29.

Institutional Investors Weigh In On British American Tobacco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. lifted its position in British American Tobacco by 1,386.7% during the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after buying an additional 416 shares during the period. Glen Eagle Advisors LLC bought a new position in shares of British American Tobacco in the 4th quarter worth about $26,000. Cary Street Partners Financial LLC purchased a new position in British American Tobacco during the 2nd quarter valued at about $30,000. SHP Wealth Management purchased a new position in British American Tobacco during the 4th quarter valued at about $35,000. Finally, Cornerstone Planning Group LLC boosted its stake in British American Tobacco by 141.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after acquiring an additional 346 shares in the last quarter. 16.16% of the stock is owned by hedge funds and other institutional investors.

About British American Tobacco

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.