British American Tobacco (NYSE:BTI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

Several other research firms have also recently issued reports on BTI. BidaskClub cut shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Finally, Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. British American Tobacco presently has a consensus rating of “Buy” and an average price target of $76.67.

Shares of British American Tobacco (BTI) traded up $0.06 during trading on Thursday, reaching $67.36. 2,604,000 shares of the company were exchanged, compared to its average volume of 3,598,192. British American Tobacco has a 52 week low of $55.53 and a 52 week high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

Several large investors have recently modified their holdings of BTI. BB&T Investment Services Inc. lifted its position in shares of British American Tobacco by 625.6% during the third quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after purchasing an additional 1,395 shares during the last quarter. Delta Asset Management LLC TN increased its position in British American Tobacco by 908.6% during the third quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after buying an additional 1,472 shares in the last quarter. Barclays PLC increased its position in British American Tobacco by 15,050.0% during the first quarter. Barclays PLC now owns 909 shares of the company’s stock worth $106,000 after buying an additional 903 shares in the last quarter. D. Scott Neal Inc. purchased a new position in British American Tobacco during the third quarter worth $106,000. Finally, Krilogy Financial LLC purchased a new position in British American Tobacco during the third quarter worth $106,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

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About British American Tobacco

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

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