Alcatel Lucent SA Stock Rating Upgraded by Sanford C. Bernstein (ALU)
Alcatel Lucent SA (NYSE:ALU) was upgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of Alcatel Lucent SA (NYSE:ALU) opened at 3.36 on Thursday. Alcatel Lucent SA has a 1-year low of $2.53 and a 1-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 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. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that Alcatel Lucent SA will post $-0.04 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bernstein upgraded shares of Alcatel Lucent SA to an “outperform” rating in a research note on Thursday. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Alcatel Lucent SA currently has a consensus rating of “Hold” and a consensus 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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