Shares of British American Tobacco (NYSE: BTI) saw unusually high trading volume on Monday. Approximately 642,130 shares changed hands during mid-day trading, an increase of 161.65% from the previous session. The stock last traded at $76.09.
On a related note, analysts at Bank of America Merrill Lynch downgraded shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 13rd. Separately, analysts at Zacks Investment Research downgraded shares of British American Tobacco from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 3rd.
British American Tobacco plc is a holding company that owns, directly or indirectly, investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall. Dunhill sells in approximately 120 countries. 41 billion Dunhill cigarettes were sold during the year ended December 31, 2009. Kent is sold in more than 70 countries. Lucky Strike’s markets incude Germany, Spain, Japan, France, Italy, Argentina and Chile. Pall Mall offers a range of cigarette and make-your-own products. On June 17, 2009, it acquired 85% stake in Indonesia’s cigarette maker PT Bentoel Internasional Investama Tbk.
British American Tobacco (NYSE: BTI) traded up 4.00% during mid-day trading on Monday. The stock has a 52 week low of $56.00 and a 52 week high of $79.99. Its 50-day moving average is $75.7 and its 200-day moving average is $73.75. The company has a market cap of $76.087 billion and a price-to-earnings ratio of 16.36.
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