Alcatel Lucent (NYSE:ALU)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports.
Shares of Alcatel Lucent (NYSE:ALU) traded down 4.55% on Wednesday, hitting $3.36. The stock had a trading volume of 19,944,800 shares. Alcatel Lucent has a one year low of $0.91 and a one year high of $3.61. The stock’s 50-day moving average is $2.65 and its 200-day moving average is $1.84. The company’s market cap is $7.631 billion.
Alcatel Lucent (NYSE:ALU) last released its earnings data on Tuesday, July 30th. The company reported ($0.38) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.28. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same quarter last year, the company posted ($0.12) earnings per share. Alcatel Lucent’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Alcatel Lucent will post $-0.48 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ALU. Analysts at Berenberg Bank upgraded shares of Alcatel Lucent (NYSE:ALU) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Alcatel Lucent (NYSE:ALU) in a research note to investors on Wednesday, July 31st. They now have a $2.25 price target on the stock. Finally, analysts at Nomura upgraded shares of Alcatel Lucent (NYSE:ALU) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 31st.
Five analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Alcatel Lucent presently has an average rating of “Hold” and a consensus price target of $2.22.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (NYSE:ALU) and optics technologies, applications and services.
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.