British American Tobacco (AMEX:BTI) Share Price May Be About to Change Direction; DZ Bank Downgrades Them

October 18, 2018 - By Adrian Erickson

British American Tobacco p.l.c. (NYSE:BTI) Logo

British American Tobacco (AMEX:BTI) Receives a Downgrade

It appears that trading for shares of British American Tobacco (AMEX:BTI) will be interesting to watch today. DZ Bank cut the stock from their past Hold rating to a more current Sell.

British American Tobacco p.l.c. (NYSE:BTI) Ratings Coverage

Among 2 analysts covering British American Tobacco Industries (AMEX:BTI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. British American Tobacco Industries had 3 analyst reports since May 1, 2018 according to SRatingsIntel. The company was downgraded on Tuesday, May 1 by Piper Jaffray.

The stock decreased 1.58% or $0.68 during the last trading session, reaching $42.4. About 3.21 million shares traded or 60.87% up from the average. British American Tobacco p.l.c. (AMEX:BTI) has declined 23.00% since October 18, 2017 and is downtrending. It has underperformed by 38.62% the S&P500.

British American Tobacco p.l.c. engages in the production and sale of tobacco products. The company has market cap of $89.59 billion. It provides cigarettes and cigars; snus, a low-toxicant smokeless tobacco product; and e-cigarettes and other products, such as vapor and tobacco heating products, as well as nicotine inhalers. It has a 1.91 P/E ratio. The firm offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

More notable recent British American Tobacco p.l.c. (NYSE:BTI) news were published by: Gurufocus.com which released: “Which of These Tobacco Stocks Is a Deal Today?” on October 15, 2018, also Benzinga.com with their article: “Bernstein Initiates On Tobacco Stocks: Philip Morris ‘Leads The Way In The New Nicotine World'” published on October 16, 2018, Fool.com published: “Philip Morris International Is Sticking With E-Cigs, not Marijuana” on September 29, 2018. More interesting news about British American Tobacco p.l.c. (NYSE:BTI) were released by: Fool.com and their article: “Will Marijuana Stocks Beat This New Threat?” published on October 18, 2018 as well as Gurufocus.com‘s news article titled: “6 Companies Growing Their Book Value” with publication date: October 15, 2018.

British American Tobacco p.l.c. (NYSE:BTI) Ratings Chart

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