BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Credit Suisse Group in a research report issued on Friday. They presently have a GBX 320 ($4.21) price target on the financial services provider’s stock.

Other research analysts have also recently issued reports about the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.92) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday. Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.48) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, August 2nd. Numis Securities Ltd reiterated a “buy” rating and set a GBX 390 ($5.13) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, September 13th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 355 ($4.67) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. BlackRock LT Municipal Advantage Trust presently has a consensus rating of “Hold” and a consensus price target of $355.00.

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/13/blackrock-lt-municipal-advantage-trusts-bta-neutral-rating-reaffirmed-at-credit-suisse-group.html.

Large investors have recently added to or reduced their stakes in the stock. Mackay Shields LLC purchased a new stake in BlackRock LT Municipal Advantage Trust during the 1st quarter valued at $387,000. Grimes & Company Inc. purchased a new stake in BlackRock LT Municipal Advantage Trust during the 2nd quarter valued at $208,000. Infrastructure Capital Advisors LLC purchased a new stake in BlackRock LT Municipal Advantage Trust during the 4th quarter valued at $395,000. Oxbow Advisors LLC raised its holdings in BlackRock LT Municipal Advantage Trust by 5.5% during the 1st quarter. Oxbow Advisors LLC now owns 21,387 shares of the financial services provider’s stock valued at $245,000 after buying an additional 1,112 shares during the period. Finally, RMB Capital Management LLC purchased a new stake in BlackRock LT Municipal Advantage Trust during the 1st quarter valued at $171,000.

About BlackRock LT Municipal Advantage Trust

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.