Deutsche Bank Aktiengesellschaft Reaffirms Sell Rating for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 150 price target on the stock.

BTA has been the topic of a number of other research reports. Berenberg Bank raised BlackRock Long-Term Municipal Advantage Trust’s to a “buy” rating and increased their price objective for the company from GBX 2.50 to GBX 3 in a report on Friday, May 29th. JPMorgan Chase & Co. upped their target price on BlackRock Long-Term Municipal Advantage Trust’s from GBX 300 to GBX 310 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, UBS Group reiterated a “sell” rating and set a GBX 175 price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s currently has an average rating of “Reduce” and a consensus price target of GBX 155.60.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) 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).