British American Tobacco (NYSE:BTI) Upgraded by UBS Group to “Buy” Rating

British American Tobacco (NYSE:BTI) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Monday, Marketbeat Ratings reports.

A number of other equities research analysts also recently weighed in on the stock. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Thursday, October 3rd.

British American Tobacco Trading Up 2.4 %

Shares of BTI stock opened at $37.93 on Monday. British American Tobacco has a 12 month low of $28.25 and a 12 month high of $39.54. The stock has a 50 day moving average of $36.91 and a two-hundred day moving average of $36.24. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On British American Tobacco

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dupree Financial Group LLC lifted its position in shares of British American Tobacco by 1.6% during the fourth quarter. Dupree Financial Group LLC now owns 389,326 shares of the company’s stock worth $14,140,000 after purchasing an additional 6,113 shares in the last quarter. Optas LLC bought a new position in British American Tobacco in the 4th quarter worth approximately $225,000. Greenleaf Trust boosted its position in British American Tobacco by 4.7% in the 4th quarter. Greenleaf Trust now owns 22,214 shares of the company’s stock valued at $807,000 after buying an additional 1,003 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in shares of British American Tobacco in the 4th quarter valued at $686,000. Finally, Inlet Private Wealth LLC lifted its stake in shares of British American Tobacco by 1.2% during the fourth quarter. Inlet Private Wealth LLC now owns 147,478 shares of the company’s stock valued at $5,356,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 16.16% of the company’s stock.

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.