British American Tobacco (NYSE:BTI) Upgraded at StockNews.com

StockNews.com upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a report published on Friday morning.

British American Tobacco Stock Up 1.0 %

NYSE BTI opened at $35.52 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $31.75 and a 200 day moving average of $30.61. British American Tobacco has a one year low of $28.25 and a one year high of $35.66.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heritage Wealth Advisors bought a new position in shares of British American Tobacco during the 4th quarter valued at $26,000. Parkside Financial Bank & Trust boosted its position in British American Tobacco by 308.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 940 shares of the company’s stock worth $28,000 after purchasing an additional 710 shares during the last quarter. HBC Financial Services PLLC bought a new stake in shares of British American Tobacco during the 4th quarter valued at about $29,000. Cape Investment Advisory Inc. increased its position in shares of British American Tobacco by 92.7% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,060 shares of the company’s stock valued at $31,000 after purchasing an additional 510 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the period. Institutional investors own 21.44% of the company’s stock.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.