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Alcatel Lucent SA (NYSE:ALU) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday. The firm currently has a $3.40 price target on the stock, down from their previous price target of $3.80. Morgan Stanley’s price target points to a potential upside of 0.89% from the stock’s previous close.

Shares of Alcatel Lucent SA (NYSE:ALU) opened at 3.37 on Monday. Alcatel Lucent SA has a 1-year low of $2.50 and a 1-year high of $4.68. The stock has a 50-day moving average of $3.6 and a 200-day moving average of $3.91. The company’s market cap is $9.773 billion.

Alcatel Lucent SA (NYSE:ALU) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.09. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company posted ($0.38) earnings per share. Alcatel Lucent SA’s revenue was down 4.7% compared to the same quarter last year. Analysts expect that Alcatel Lucent SA will post $0.05 EPS for the current fiscal year.

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 from $4.50 to $4.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Alcatel Lucent SA from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 2nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Alcatel Lucent SA has a consensus rating of “Hold” and an average price target of $4.43.

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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