Share on StockTwits

Alcatel Lucent SA (NYSE:ALU) was upgraded by Bernstein to an “outperform” rating in a research note issued on Thursday.

Shares of Alcatel Lucent SA (NYSE:ALU) opened at 3.36 on Thursday. Alcatel Lucent SA has a one year low of $2.53 and a one year high of $4.68. The stock’s 50-day moving average is $3.45 and its 200-day moving average is $3.80. The company’s market cap is $9.294 billion.

Alcatel Lucent SA (NYSE:ALU) last issued its quarterly earnings data 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 $-0.04 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Alcatel Lucent SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $3.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $4.27.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.