BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “sell” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued on Monday. They presently have a GBX 265 ($3.46) price objective on the financial services provider’s stock.

Several other research analysts have also commented on BTA. HSBC Holdings plc cut their price target on BlackRock LT Municipal Advantage Trust from GBX 420 ($5.48) to GBX 370 ($4.83) and set a “buy” rating on the stock in a research report on Friday, April 21st. Goldman Sachs Group, Inc. (The) cut their price target on BlackRock LT Municipal Advantage Trust from GBX 360 ($4.70) to GBX 350 ($4.57) and set a “neutral” rating on the stock in a research report on Tuesday, April 25th. Berenberg Bank cut their price target on BlackRock LT Municipal Advantage Trust from GBX 400 ($5.22) to GBX 343 ($4.48) and set a “hold” rating on the stock in a research report on Friday, May 5th. Macquarie reaffirmed a “neutral” rating and set a GBX 270 ($3.53) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, May 8th. Finally, Barclays PLC cut their price target on BlackRock LT Municipal Advantage Trust from GBX 475 ($6.20) to GBX 450 ($5.88) and set an “overweight” rating on the stock in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $355.36.

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) traded down 0.58% on Monday, hitting $11.97. 7,691 shares of the stock traded hands. BlackRock LT Municipal Advantage Trust has a 52 week low of $10.73 and a 52 week high of $13.18. The stock has a 50 day moving average price of $11.89 and a 200-day moving average price of $11.62.

ILLEGAL ACTIVITY WARNING: “BlackRock LT Municipal Advantage Trust’s (NYSE:BTA) Sell Rating Reaffirmed at Deutsche Bank AG” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/24/blackrock-lt-municipal-advantage-trusts-nysebta-sell-rating-reaffirmed-at-deutsche-bank-ag.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTA. Oppenheimer & Co. Inc. raised its position in BlackRock LT Municipal Advantage Trust by 27.1% in the first quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock worth $196,000 after buying an additional 3,650 shares during the last quarter. UBS Group AG raised its position in BlackRock LT Municipal Advantage Trust by 16.7% in the first quarter. UBS Group AG now owns 170,825 shares of the financial services provider’s stock worth $1,958,000 after buying an additional 24,489 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in BlackRock LT Municipal Advantage Trust during the first quarter worth about $132,000. Doliver Capital Advisors Inc. bought a new position in BlackRock LT Municipal Advantage Trust during the first quarter worth about $134,000. Finally, Ameriprise Financial Inc. bought a new position in BlackRock LT Municipal Advantage Trust during the first quarter worth about $133,000.

BlackRock LT Municipal Advantage Trust Company Profile

BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).

Analyst Recommendations for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

Receive News & Ratings for BlackRock LT Municipal Advantage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock LT Municipal Advantage Trust and related companies with MarketBeat.com's FREE daily email newsletter.