Meanwhile, Deutsche Bank downgraded its Altria Group Inc [MO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Equal-weight”‘ rating. BofA Securities also remained covering MO and has increased its forecast on December 06, 2024 with a “Buy” recommendation from previously “Neutral” rating. Citigroup maintained its rating on October 08, 2024. It rated MO as “a Neutral”.
Price Performance Review of MO
On Tuesday, Altria Group Inc [NYSE:MO] saw its stock jump 0.72% to $59.90. Over the last five days, the stock has gained 6.07%. Altria Group Inc shares have risen nearly 14.55% since the year began. Nevertheless, the stocks have risen 30.36% over the past one year. While a 52-week high of $61.26 was reached on 05/07/25, a 52-week low of $43.83 was recorded on 01/30/25. SMA at 50 days reached $58.15, while 200 days put it at $54.22.
Levels Of Support And Resistance For MO Stock
The 24-hour chart illustrates a support level at 59.50, which if violated will result in even more drops to 59.10. On the upside, there is a resistance level at 60.19. A further resistance level may holdings at 60.49. The Relative Strength Index (RSI) on the 14-day chart is 58.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.15%. Stochastics %K at 64.62% indicates the stock is a holding.
