Alcatel Lucent SA Given New €3.30 Price Target at Natixis (ALU)
Equities research analysts at Natixis hoisted their price objective on shares of Alcatel Lucent SA (EU:ALU) from €3.00 ($4.05) to €3.30 ($4.46) in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock.
Alcatel Lucent SA (EU:ALU) traded down 0.27% during mid-day trading on Friday, hitting $3.68. 16,807,012 shares of the company’s stock traded hands. Alcatel Lucent SA has a 52-week low of $0.94 and a 52-week high of $4.02. The stock’s 50-day moving average is $3. and its 200-day moving average is $2.19. The company’s market cap is $8.358 billion.
A number of other firms have also recently commented on ALU. Analysts at Sanford C. Bernstein raised their price target on shares of Alcatel Lucent SA from €1.10 ($1.49) to €2.70 ($3.65) in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Raymond James downgraded shares of Alcatel Lucent SA from a “strong-buy” rating to a “market perform” rating in a research note to investors on Thursday, October 3rd. Finally, analysts at BMO Capital Markets downgraded shares of Alcatel Lucent SA from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €2.79 ($3.77).
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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