BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Cut to “Sell” at Citigroup

BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) was downgraded by investment analysts at Citigroup to a “sell” rating in a report issued on Tuesday,Digital Look reports. They currently have a GBX 112 ($1.41) price objective on the stock, down from their previous price objective of GBX 200 ($2.52).

BlackRock Long-Term Municipal Advantage Trust’s Price 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).