BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Free Report) was downgraded by equities researchers at Citigroup to a “sell” rating in a report issued on Tuesday,Digital Look reports. They currently have a GBX 112 ($1.41) target price on the stock, down from their prior target price of GBX 200 ($2.52).
BlackRock Long-Term Municipal Advantage Trust’s Stock Performance
About BlackRock Long-Term Municipal Advantage Trust’s
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).
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