Alcatel Lucent (NYSE:ALU) was upgraded by research analysts at HSBC from an “underweight” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Alcatel Lucent (NYSE:ALU) traded down 0.68% on Wednesday, hitting $4.39. 5,711,458 shares of the company’s stock traded hands. Alcatel Lucent has a 52-week low of $1.10 and a 52-week high of $4.52. The stock has a 50-day moving average of $3.86 and a 200-day moving average of $2.. The company’s market cap is $10.000 billion.
Alcatel Lucent (NYSE:ALU) last announced its earnings results on Thursday, October 31st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.04. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Alcatel Lucent will post $-0.54 EPS for the current fiscal year.
The company also recently announced a … dividend, which is scheduled for Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, December 3rd.
A number of other firms have also recently commented on ALU. Analysts at Argus reiterated a “hold” rating on shares of Alcatel Lucent in a research note to investors on Tuesday, November 19th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Alcatel Lucent in a research note to investors on Tuesday, November 5th. They now have a $4.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of Alcatel Lucent from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $2.00 price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.96.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (NYSE:ALU) and optics technologies, applications and services.
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