Alcatel Lucent SA Price Target Raised to €3.75 at MKM Partners (ALU)
Analysts at MKM Partners hoisted their price objective on shares of Alcatel Lucent SA (EU:ALU) from €2.60 ($3.42) to €3.75 ($4.93) in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock.
Alcatel Lucent SA (EU:ALU) traded up 2.35% on Thursday, hitting $3.48. 21,110,900 shares of the company’s stock traded hands. Alcatel Lucent SA has a 1-year low of $0.91 and a 1-year 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 $7.904 billion.
Separately, analysts at Evercore Partners raised their price target on shares of Alcatel Lucent SA (EU:ALU) from €2.00 ($2.63) to €3.50 ($4.61) in a research note to investors on Wednesday, July 31st. They now have an “overweight” rating on the stock.
Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers.
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