British American Tobacco (NYSE:BTI) Stock Rating Upgraded by Barclays

Barclays upgraded shares of British American Tobacco (NYSE:BTI) to a strong-buy rating in a report published on Thursday, Zacks.com reports.

A number of other brokerages have also issued reports on BTI. Morgan Stanley lowered shares of British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Thursday, October 3rd. StockNews.com cut shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th.

British American Tobacco Price Performance

Shares of BTI stock opened at $34.50 on Thursday. British American Tobacco has a 52 week low of $28.25 and a 52 week high of $39.54. The stock has a market capitalization of $76.63 billion, a PE ratio of 7.14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.58 and a current ratio of 0.88. The stock’s fifty day moving average is $36.90 and its 200-day moving average is $33.35.

Hedge Funds Weigh In On British American Tobacco

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC grew its position in shares of British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the period. Mather Group LLC. raised its stake in shares of British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after purchasing an additional 1,177 shares during the period. Addison Advisors LLC lifted its holdings in shares of British American Tobacco by 79.9% in the second quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after purchasing an additional 545 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of British American Tobacco during the first quarter worth about $46,000. Finally, City State Bank raised its position in British American Tobacco by 5,016.7% in the 1st quarter. City State Bank now owns 1,535 shares of the company’s stock valued at $47,000 after buying an additional 1,505 shares during the last quarter. 21.44% of the stock is currently owned by institutional investors and hedge funds.

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.