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Shares of Alcatel Lucent SA (NYSE:ALU) have earned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, American Banking & Market News reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.45.

ALU has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Alcatel Lucent SA from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 4th. They now have a $3.40 price target on the stock, down previously from $3.80. Separately, 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, August 1st. They now have a “neutral” rating on the stock. Finally, 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.

Shares of Alcatel Lucent SA (NYSE:ALU) opened at 3.33 on Tuesday. Alcatel Lucent SA has a 52-week low of $2.53 and a 52-week high of $4.68. The stock has a 50-day moving average of $3.47 and a 200-day moving average of $3.8. The company’s market cap is $9.211 billion.

Alcatel Lucent SA (NYSE:ALU) last released its earnings data on Thursday, July 31st. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.38) earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Alcatel Lucent SA will post $-0.04 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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