Alcatel Lucent SA Stock Rating Lowered by BMO Capital Markets (ALU)
Alcatel Lucent SA (EU:ALU) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Friday, AnalystRatings.Net reports.
Shares of Alcatel Lucent SA (EU:ALU) traded down 0.86% on Friday, hitting $3.45. 24,896,336 shares of the company’s stock traded hands. Alcatel Lucent SA has a 52-week low of $0.91 and a 52-week high of $3.61. The stock’s 50-day moving average is $2.72 and its 200-day moving average is $1.87. The company’s market cap is $7.836 billion.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Alcatel Lucent SA (EU:ALU) from €2.60 ($3.42) to €3.75 ($4.93) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. 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.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €2.55 ($3.36).
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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