Alcatel Lucent SA Given Consensus Rating of “Hold” by Analysts (NYSE:ALU)
Shares of Alcatel Lucent SA (NYSE:ALU) have received an average rating of “Hold” from the twenty-one brokerages that are covering the company, American Banking News reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $4.34.
A number of research firms have recently commented on ALU. Analysts at Sanford C. Bernstein upgraded shares of Alcatel Lucent SA from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $4.63 price target on the stock, up previously from $3.97. Separately, analysts at Bernstein upgraded shares of Alcatel Lucent SA to an “outperform” rating in a research note on Thursday. They now have a $4.63 price target on the stock, up previously from $3.97. Finally, 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.
Alcatel Lucent SA (NYSE:ALU) opened at 3.41 on Tuesday. Alcatel Lucent SA has a 52 week low of $2.80 and a 52 week high of $4.68. The stock’s 50-day moving average is $3.44 and its 200-day moving average is $3.79. The company’s market cap is $9.433 billion.
Alcatel Lucent SA (NYSE:ALU) last announced its earnings results 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. Analysts expect 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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