British American Tobacco (NYSE:BTI) Rating Increased to Buy at StockNews.com

British American Tobacco (NYSE:BTI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Separately, UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th.

British American Tobacco Trading Down 2.0 %

Shares of BTI stock traded down $0.81 on Monday, reaching $38.80. 7,051,078 shares of the company were exchanged, compared to its average volume of 4,552,530. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $42.74. The business has a 50-day moving average price of $37.83 and a 200 day moving average price of $36.96. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BTI. SRS Capital Advisors Inc. raised its holdings in British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after acquiring an additional 525 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in British American Tobacco during the 4th quarter worth $27,000. Versant Capital Management Inc purchased a new position in shares of British American Tobacco during the fourth quarter worth about $34,000. Cullen Frost Bankers Inc. lifted its holdings in shares of British American Tobacco by 334.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company’s stock valued at $40,000 after purchasing an additional 846 shares during the last quarter. Finally, ORG Partners LLC increased its position in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock worth $42,000 after buying an additional 299 shares during the period. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

About British American Tobacco

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.