Alcatel Lucent SA Receives Average Recommendation of “Hold” from Brokerages (NYSE:ALU)
Alcatel Lucent SA (NYSE:ALU) has received an average rating of “Hold” from the twenty-two analysts that are presently covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.50.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Alcatel Lucent SA to a “neutral” rating in a research note on Monday, May 12th. Separately, analysts at BMO Capital Markets cut their price target on shares of Alcatel Lucent SA from $5.50 to $5.00 in a research note on Monday, May 12th. They now have an “outperform” rating on the stock. Finally, analysts at MKM Partners cut their price target on shares of Alcatel Lucent SA from $4.75 to $4.50 in a research note on Friday, May 9th. They now have a “neutral” rating on the stock.
Shares of Alcatel Lucent SA (NYSE:ALU) remained flat at $3.98 during trading on Friday. The stock had a trading volume of 1,222,712 shares. Alcatel Lucent SA has a one year low of $1.67 and a one year high of $4.68. The stock’s 50-day moving average is $3.92 and its 200-day moving average is $4.1. The company’s market cap is $11.000 billion.
Alcatel Lucent SA (NYSE:ALU) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04. The company had revenue of $2.96 billion for the quarter. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. 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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