Zacks Investment Research Upgrades British Land (OTCMKTS:BTLCY) to “Hold”

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Zacks Investment Research upgraded shares of British Land (OTCMKTS:BTLCY) from a sell rating to a hold rating in a research report sent to investors on Monday morning, 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 downgraded British Land from an equal weight rating to an underweight rating in a research report on Friday, May 10th.

Shares of OTCMKTS:BTLCY opened at $5.82 on Monday. British Land has a 1 year low of $5.68 and a 1 year high of $8.55. The business has a fifty day simple moving average of $6.50 and a 200 day simple moving average of $7.29.

About British Land

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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