Alcatel Lucent SA Lifted to Outperform at Bernstein (ALU)
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.
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