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Research analysts at BMO Capital Markets decreased their price target on shares of Alcatel Lucent SA (ADR) (NYSE:ALU) from $5.50 to $5.00 in a report released on Monday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 30.89% from the company’s current price.

A number of other analysts have also recently weighed in on ALU. Analysts at MKM Partners cut their price target on shares of Alcatel Lucent SA (ADR) from $4.75 to $4.50 in a research note on Friday, May 9th. They now have a “neutral” rating on the stock. Separately, analysts at Craig Hallum downgraded shares of Alcatel Lucent SA (ADR) from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. They now have a $4.00 price target on the stock, down previously from $5.50. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Alcatel Lucent SA (ADR) in a research note on Friday, April 4th. They now have a $4.25 price target on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company’s stock. Alcatel Lucent SA (ADR) has a consensus rating of “Hold” and an average price target of $4.50.

Shares of Alcatel Lucent SA (NYSE:ALU) traded down 4.26% on Monday, hitting $3.82. 16,760,984 shares of the company’s stock traded hands. Alcatel Lucent SA has a 52-week low of $1.42 and a 52-week high of $4.68. The stock’s 50-day moving average is $3.91 and its 200-day moving average is $4.10. The company’s market cap is $9.295 billion. Alcatel Lucent SA (ADR) also saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 7,202,556 shares, a drop of 36.3% from the April 15th total of 11,302,719 shares. Based on an average trading volume of 9,250,266 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.

Alcatel Lucent SA (ADR) (NYSE:ALU) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.04. The company had revenue of $2.96 billion for the quarter. During the same quarter last year, the company posted ($0.15) earnings per share. Alcatel Lucent SA (ADR)’s revenue was down 8.2% compared to the same quarter last year. Analysts expect that Alcatel Lucent SA will post $0.06 EPS for the current fiscal year.

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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