5 Most Undervalued Foreign Stocks to Buy Now

4. British American Tobacco p.l.c. (NYSE:BTI)

Forward Price to Earnings Ratio: 13.28

Number of Hedge Fund Holders: 40

British American Tobacco p.l.c. (NYSE:BTI) is one of the Most Undervalued Foreign Stocks to Buy Now. On May 19, the company announced opening a new Information, Digital and Technology hub in Bengaluru, India. Management noted that this step is part of the company’s strategy to become a more agile and data driven business.

Notably, the hub centers around the company’s Future Capabilities Centre, which is designed to consolidate key technology functions under one roof and accelerate innovation across the group.  Moreover, the hub will bring together teams working across Cyber Security, Data & Analytics, Artificial Intelligence, and Digital Platforms. These teams will collaborate with strategic partners to drive continuous improvement.

British American Tobacco p.l.c. (NYSE:BTI) noted that the choice of Bengaluru is deliberate as it is widely regarded as India’s premier technology ecosystem. The announcement indicates that BAT is increasingly embedding technology at the core of its operations, rather than treating it as a peripheral function.

British American Tobacco (NYSE:BTI) provides tobacco and nicotine products to consumers in the US, Europe, Latin America, Canada, the Asia-Pacific, the Middle East, Central Asia, Caucasus, and Africa.