BlackRock LT Municipal Advantage Trust (BTA) Receives “Sell” Rating from Deutsche Bank AG

BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “sell” rating restated by equities researchers at Deutsche Bank AG in a research note issued to investors on Wednesday. They currently have a GBX 265 ($3.50) price objective on the financial services provider’s stock.

Several other equities analysts also recently issued reports on the stock. Credit Suisse Group reiterated a “neutral” rating and set a GBX 320 ($4.22) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.94) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Citigroup Inc. cut shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and lowered their price target for the stock from GBX 360 ($4.75) to GBX 310 ($4.09) in a research report on Monday, October 9th. Macquarie reiterated an “outperform” rating and set a GBX 355 ($4.68) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Thursday, September 14th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $355.00.

COPYRIGHT VIOLATION WARNING: “BlackRock LT Municipal Advantage Trust (BTA) Receives “Sell” Rating from Deutsche Bank AG” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/11/01/blackrock-lt-municipal-advantage-trust-bta-receives-sell-rating-from-deutsche-bank-ag.html.

A number of institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 0.5% in the second quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock worth $5,549,000 after acquiring an additional 2,447 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 15.3% in the second quarter. Wells Fargo & Company MN now owns 178,767 shares of the financial services provider’s stock worth $2,109,000 after acquiring an additional 23,691 shares during the last quarter. UBS Group AG lifted its holdings in shares of 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 acquiring an additional 24,489 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 4.6% in the third quarter. First Trust Advisors LP now owns 99,157 shares of the financial services provider’s stock worth $1,201,000 after acquiring an additional 4,385 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BlackRock LT Municipal Advantage Trust by 7.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 2,976 shares during the last quarter.

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.

Latest News

Leave a Reply