Alcatel Lucent Price Target Increased to $3.75 by Analysts at MKM Partners (ALU)
Equities research analysts at MKM Partners increased their price objective on shares of Alcatel Lucent (NYSE:ALU) from $2.60 to $3.75 in a research note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price suggests a potential upside of 10.29% from the company’s current price.
ALU has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Alcatel Lucent (NYSE:ALU) in a research note to investors on Wednesday. Separately, analysts at Berenberg Bank upgraded shares of Alcatel Lucent (NYSE:ALU) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Alcatel Lucent (NYSE:ALU) in a research note to investors on Wednesday, July 31st. They now have a $2.25 price target on the stock.
Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.56.
Shares of Alcatel Lucent (NYSE:ALU) traded up 2.94% on Thursday, hitting $3.50. The stock had a trading volume of 9,023,825 shares. Alcatel Lucent has a 52 week low of $0.91 and a 52 week high of $3.61. The stock has a 50-day moving average of $2.69 and a 200-day moving average of $1.85. The company’s market cap is $7.949 billion.
Alcatel Lucent (NYSE:ALU) last released its earnings data on Tuesday, July 30th. The company reported ($0.38) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.10) by $0.28. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Alcatel Lucent will post $-0.48 earnings per share for the current fiscal year.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (NYSE:ALU) and optics technologies, applications and services.
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