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Reynolds American (NYSE:RAI) was downgraded by investment analysts at Morgan Stanley to an “underweight” rating in a note issued to investors on Tuesday.

Reynolds American (NYSE:RAI) traded down 1.33% during mid-day trading on Tuesday, hitting $60.96. The stock had a trading volume of 454,332 shares. Reynolds American has a 52 week low of $46.55 and a 52 week high of $62.64. The stock’s 50-day moving average is $58.7 and its 200-day moving average is $53.11. The company has a market cap of $32.676 billion and a P/E ratio of 21.34.

Reynolds American (NYSE:RAI) last released its earnings data on Wednesday, April 23rd. The company reported $0.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.74 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company posted $0.72 earnings per share. Reynolds American’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Reynolds American will post $3.35 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Reynolds American in a research note on Thursday, June 12th. They now have a $63.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of Reynolds American from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 11th. They now have a $65.00 price target on the stock, up previously from $63.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.59.

Reynolds American Inc (NYSE:RAI) is a holding company.

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