Alcatel Lucent SA PT Raised to €2.70 at Sanford C. Bernstein (ALU)
Equities researchers at Sanford C. Bernstein raised their price objective on shares of Alcatel Lucent SA (EU:ALU) from €1.10 ($1.49) to €2.70 ($3.65) in a research report issued on Friday, Analyst Ratings News reports. The firm currently has a “market perform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at MKM Partners raised their price target on shares of Alcatel Lucent SA from €2.60 ($3.51) to €3.75 ($5.07) in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of €2.79 ($3.77).
Alcatel Lucent SA (EU:ALU) traded down 0.27% on Friday, hitting $3.68. 16,807,012 shares of the company’s stock traded hands. Alcatel Lucent SA has a 1-year low of $0.94 and a 1-year high of $4.02. The stock has a 50-day moving average of $3. and a 200-day moving average of $2.19. The company’s market cap is $8.358 billion.
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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