DZ Bank Reiterates “Sell” Rating for British American Tobacco (BTI)

DZ Bank reissued their sell rating on shares of British American Tobacco (NYSE:BTI) in a research note issued to investors on Thursday morning.

BTI has been the topic of several other reports. UBS Group downgraded shares of British American Tobacco from a hold rating to a sell rating in a research note on Thursday. Jefferies Financial Group downgraded shares of British American Tobacco to a buy rating in a research note on Friday, August 24th. Sanford C. Bernstein assumed coverage on shares of British American Tobacco in a research note on Tuesday, October 16th. They set a market perform rating on the stock. Zacks Investment Research raised shares of British American Tobacco from a sell rating to a hold rating in a research note on Wednesday, September 5th. Finally, Royal Bank of Canada downgraded shares of British American Tobacco to an underperform rating in a research note on Monday, September 3rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $73.00.

Shares of NYSE:BTI opened at $43.30 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.41 and a current ratio of 0.81. British American Tobacco has a 12-month low of $41.69 and a 12-month high of $71.44. The firm has a market cap of $92.27 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.41 and a beta of 1.00.

A number of large investors have recently made changes to their positions in BTI. Gradient Investments LLC grew its holdings in shares of British American Tobacco by 22.3% during the 2nd quarter. Gradient Investments LLC now owns 38,595 shares of the company’s stock valued at $1,947,000 after acquiring an additional 7,049 shares in the last quarter. Cumberland Partners Ltd grew its holdings in shares of British American Tobacco by 1.7% during the 2nd quarter. Cumberland Partners Ltd now owns 114,075 shares of the company’s stock valued at $5,755,000 after acquiring an additional 1,948 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of British American Tobacco by 30.3% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,031 shares of the company’s stock valued at $4,189,000 after acquiring an additional 19,329 shares in the last quarter. New England Asset Management Inc. purchased a new position in shares of British American Tobacco during the 2nd quarter valued at $335,000. Finally, Alps Advisors Inc. purchased a new position in shares of British American Tobacco during the 2nd quarter valued at $587,000. 7.68% of the stock is currently owned by institutional investors.

About British American Tobacco

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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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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