Citigroup Inc. Downgrades BlackRock LT Municipal Advantage Trust (BTA) to Neutral

BlackRock LT Municipal Advantage Trust (NYSE:BTA) was downgraded by investment analysts at Citigroup Inc. to a “neutral” rating in a research note issued to investors on Monday. They presently have a GBX 310 ($4.11) target price on the financial services provider’s stock, down from their previous target price of GBX 360 ($4.78).

A number of other brokerages have also weighed in on BTA. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 320 ($4.24) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Macquarie reiterated an “outperform” rating and issued a GBX 355 ($4.71) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, September 14th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.52) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, August 2nd. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.17) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. BlackRock LT Municipal Advantage Trust has an average rating of “Hold” and an average target price of $355.00.

BlackRock LT Municipal Advantage Trust (BTA) traded down 0.480% on Monday, reaching $12.231. The company had a trading volume of 40,509 shares. The stock has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.91. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.73 and a 52-week high of $12.54.

ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Downgrades BlackRock LT Municipal Advantage Trust (BTA) to Neutral” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/09/citigroup-inc-downgrades-blackrock-lt-municipal-advantage-trust-bta-to-neutral.html.

Several hedge funds have recently added to or reduced their stakes in BTA. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter valued at approximately $132,000. Ameriprise Financial Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter valued at approximately $133,000. First Allied Advisory Services Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $156,000. Oppenheimer & Co. Inc. raised its holdings in shares of BlackRock LT Municipal Advantage Trust by 27.1% during the first quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 3,650 shares during the period. Finally, Laurion Capital Management LP acquired a new posi

A number of other brokerages have also weighed in on BTA. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 320 ($4.24) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Macquarie reiterated an “outperform” rating and issued a GBX 355 ($4.71) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, September 14th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.52) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, August 2nd. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.17) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. BlackRock LT Municipal Advantage Trust has an average rating of “Hold” and an average target price of $355.00.

BlackRock LT Municipal Advantage Trust (BTA) traded down 0.480% on Monday, reaching $12.231. The company had a trading volume of 40,509 shares. The stock has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.91. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.73 and a 52-week high of $12.54.

ILLEGAL ACTIVITY NOTICE: “Citigroup Inc. Downgrades BlackRock LT Municipal Advantage Trust (BTA) to Neutral” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://ledgergazette.com/2017/10/09/citigroup-inc-downgrades-blackrock-lt-municipal-advantage-trust-bta-to-neutral.html.

Several hedge funds have recently added to or reduced their stakes in BTA. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter valued at approximately $132,000. Ameriprise Financial Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter valued at approximately $133,000. First Allied Advisory Services Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $156,000. Oppenheimer & Co. Inc. raised its holdings in shares of BlackRock LT Municipal Advantage Trust by 27.1% during the first quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 3,650 shares during the period. Finally, Laurion Capital Management LP acquired a new position in BlackRock LT Municipal Advantage Trust in the 2nd quarter valued at approximately $366,000.

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)

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