JPMorgan Chase & Co. Upgrades Alcatel Lucent SA to “Overweight” (ALU)
Alcatel Lucent SA (NYSE:ALU) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Alcatel Lucent SA (NYSE:ALU) opened at 3.53 on Wednesday. Alcatel Lucent SA has a 52 week low of $1.71 and a 52 week high of $4.68. The stock has a 50-day moving average of $3.81 and a 200-day moving average of $4.03. The company’s market cap is $9.757 billion.
Alcatel Lucent SA (NYSE:ALU) last released its earnings data on Friday, May 9th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was down 8.2% on a year-over-year basis. Analysts expect that Alcatel Lucent SA will post $0.05 EPS for the current fiscal year.
ALU has been the subject of a number of other recent research reports. Analysts at HSBC upgraded shares of Alcatel Lucent SA from an “underweight” rating to a “neutral” rating in a research note on Tuesday, June 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Alcatel Lucent SA in a research note on Friday, June 6th. They now have a $4.25 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of Alcatel Lucent SA to a “neutral” rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.64.
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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