BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTAGet Rating) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 205 ($2.42).

Several analysts recently issued reports on the stock. Berenberg Bank reiterated a “hold” rating and set a GBX 190 ($2.25) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 140 ($1.66) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Tuesday, November 1st. Finally, Barclays reiterated an “overweight” rating and set a GBX 220 ($2.60) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Tuesday, November 15th.

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, February 6th. Shareholders of record on Thursday, December 29th will be given a GBX 2.31 ($0.03) dividend. The ex-dividend date is Thursday, December 29th. This represents a yield of 1.9%.

About BlackRock Long-Term Municipal Advantage Trust’s

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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).

Further Reading

Analyst Recommendations for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

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