BNP Paribas upgraded shares of Alcatel Lucent (NYSE:ALU) from an underperform rating to a neutral rating in a report released on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale upgraded shares of Alcatel Lucent from a sell rating to a hold rating in a research note to investors on Friday, November 1st. Separately, analysts at MKM Partners raised their price target on shares of Alcatel Lucent from $3.75 to $4.25 in a research note to investors on Thursday, October 31st. They now have a neutral rating on the stock. Finally, analysts at Barclays upgraded shares of Alcatel Lucent from an equal weight rating to an overweight rating in a research note to investors on Monday, October 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $2.72.
Shares of Alcatel Lucent (NYSE:ALU) traded up 1.82% during mid-day trading on Monday, hitting $4.185. 20,241,508 shares of the company’s stock traded hands. Alcatel Lucent has a one year low of $0.97 and a one year high of $4.14. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $2.47. The company’s market cap is $9.657 billion.
Alcatel Lucent (NYSE:ALU) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters 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 $-0.44 EPS for the current fiscal year.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (NYSE:ALU) and optics technologies, applications and services.
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