Alcatel Lucent SA (EU:ALU) had its price target increased by Sanford C. Bernstein from €1.10 ($1.49) to €2.70 ($3.65) in a research report sent to investors on Friday morning, Analyst Ratings Network reports. The firm currently has a market perform rating on the stock.
A number of other analysts have also recently weighed in on ALU. Analysts at Raymond James downgraded shares of Alcatel Lucent SA from a strong-buy rating to a market perform rating in a research note to investors on Thursday, October 3rd. Separately, analysts at BMO Capital Markets downgraded shares of Alcatel Lucent SA from an outperform rating to a market perform rating in a research note to investors on Friday, September 13th. Finally, analysts at MKM Partners raised their price target on shares of Alcatel Lucent SA from €2.60 ($3.51) to €3.75 ($5.07) in a research note to investors on Thursday, September 12th. They now have a neutral rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €2.79 ($3.77).
Shares of Alcatel Lucent SA (EU:ALU) traded down 2.76% on Friday, hitting $3.695. The stock had a trading volume of 5,840,453 shares. Alcatel Lucent SA has a 52 week low of $0.96 and a 52 week high of $4.02. The stock has a 50-day moving average of $3.37 and a 200-day moving average of $2.22. The company’s market cap is $8.392 billion.
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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