British American Tobacco PLC (NYSE:BTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $75.00 target price on the stock.

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

Separately, Exane BNP Paribas upgraded British American Tobacco PLC to an “outperform” rating in a report on Thursday, April 6th.

British American Tobacco PLC (NYSE:BTI) traded down 0.55% on Friday, reaching $66.77. 1,347,059 shares of the company traded hands. British American Tobacco PLC has a one year low of $52.71 and a one year high of $67.82. The firm has a 50 day moving average of $65.16 and a 200-day moving average of $98.35. The stock has a market capitalization of $124.14 billion and a PE ratio of 21.49.

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Large investors have recently added to or reduced their stakes in the stock. Kernodle & Katon Asset Management Group LLC raised its stake in British American Tobacco PLC by 4.7% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 937 shares of the company’s stock worth $120,000 after buying an additional 42 shares during the last quarter. Quadrant Capital Group LLC raised its stake in British American Tobacco PLC by 17.7% in the third quarter. Quadrant Capital Group LLC now owns 1,044 shares of the company’s stock worth $126,000 after buying an additional 157 shares during the last quarter. National Asset Management Inc. raised its stake in British American Tobacco PLC by 4.1% in the third quarter. National Asset Management Inc. now owns 1,615 shares of the company’s stock worth $207,000 after buying an additional 64 shares during the last quarter. Capital One National Association raised its stake in British American Tobacco PLC by 10.0% in the third quarter. Capital One National Association now owns 1,707 shares of the company’s stock worth $218,000 after buying an additional 155 shares during the last quarter. Finally, Mairs & Power INC bought a new stake in British American Tobacco PLC during the third quarter worth approximately $252,000.

About British American Tobacco PLC

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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