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Technology Stocks : Alcatel-Lucent (ALU)
ALU 3.4600.0%Mar 3 4:00 PM EST

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From: Sam4/12/2012 11:36:04 PM
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Raymond James Analysts Begin Coverage on Alcatel Lucent (ALU)
Posted by Trevor Kearing on Apr 12th, 2012
dailypolitical.com

Analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Alcatel Lucent (NYSE: ALU) in a research report issued to clients and investors on Wednesday. The firm set a “strong-buy” rating and a $4.50 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Alcatel Lucent in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Alcatel Lucent in a research note to investors on Tuesday, March 27th. They now have a $2.50 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Alcatel Lucent from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, March 14th. They now have a $4.00 price target on the stock.

Alcatel Lucent traded up 0.98% on Wednesday, hitting $2.06. Alcatel Lucent has a 1-year low of $1.39 and a 1-year high of $6.63. The company has a market cap of $4.670 billion and a price-to-earnings ratio of 3.68.

The company last announced its quarterly results on Friday, February 10th. It reported $0.19 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.08 EPS by $0.11. The company’s quarterly revenue was down 12.5% on a year-over-year basis. Analysts expect that Alcatel Lucent will post $0.06 EPS next quarter
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