HSBC lowered shares of Alcatel Lucent (NYSE: ALU) from a neutral rating to an underweight rating in a report released on Monday.
Shares of Alcatel Lucent traded up 1.47% during mid-day trading on Monday, hitting $1.38. Alcatel Lucent has a one year low of $0.91 and a one year high of $2.56. The stock’s 50-day moving average is currently $1.61. The company’s market cap is $3.156 billion.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a sell rating on shares of Alcatel Lucent in a research note to investors on Friday, February 22nd. Separately, analysts at UBS AG upgraded shares of Alcatel Lucent from an underweight rating to an overweight rating in a research note to investors on Friday, February 8th. Finally, analysts at RBC Capital reiterated an underperform rating on shares of Alcatel Lucent in a research note to investors on Friday, February 8th. They now have a $1.00 price target on the stock.
Seven equities research analysts have rated the stock with a buy rating, two have given an overweight rating, eleven have issued a hold rating, five have assigned an underweight rating, and ten have issued a sell rating to the company’s stock. The stock presently has a consensus rating of hold and an average price target of $1.55.
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