British Land (OTCMKTS:BTLCY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of British Land (OTCMKTS:BTLCY) from a sell rating to a hold rating in a research note released on Wednesday, Zacks.com reports.

According to Zacks, “The British Land Co. Plc is a real estate investment trust which owns, manages, finances and develops commercial properties. Its property portfolio comprises retail parks, super stores, shopping centers, department stores, residential and offices. The British Land Co. Plc is headquartered in London, the United Kingdom. “

Separately, Barclays lowered their target price on shares of BT Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set an equal weight rating on the stock in a research note on Friday, May 10th.

OTCMKTS:BTLCY opened at $6.72 on Wednesday. British Land has a one year low of $6.53 and a one year high of $8.92. The firm has a fifty day simple moving average of $6.80.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on Retail around the UK and London Offices. We own or manage a portfolio valued at £16.8bn (British Land share: £12.9bn) as at 30 September 2018 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles – Places People Prefer.

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