Somehow I don't think we should listen to the analysts who are downgrading ALU to a "Sell" over the past few days. Seems like Bernstein had it right before, and now are raising their rating to "Market perform." Not, of course, that that is exactly a sterling rating. Still....
Alcatel Lucent ADR Reptg 1 Ord Shs (ALU) Shares Upgraded to a “Market Perform” Rating by Sanford C. Bernstein Analysts.
Posted by LUSA Staff on Nov 8th, 2011 // No Comments
Alcatel Lucent ADR Reptg 1 Ord Shs (NYSE: ALU) was upgraded by equities research analysts at Sanford C. Bernstein from an “underperform” rating to a “market perform” rating in a research note issued to investors on Tuesday.
Separately, analysts at Bank of America (NYSE: BAC) downgraded shares of Alcatel Lucent ADR Reptg 1 Ord Shs from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Analysts at Citigroup (NYSE: C) downgraded shares of Alcatel Lucent ADR Reptg 1 Ord Shs to a “sell” rating in a research note to investors on Monday. Also, analysts at WestLB downgraded shares of Alcatel Lucent ADR Reptg 1 Ord Shs from a “reduce” rating to a “sell” rating in a research note to investors on Monday.
Alcatel Lucent provide products, solutions, and transformation services offerings, which enables service providers, enterprises, governments and strategic industries (such as transportation or energy) globally to deliver voice, data and video communication services to the consumers. It offers fixed, mobile and converged broadband networking, Internet protocol (IP) technologies, applications and services. The Company operates in four business segments: Carrier, Application Software, Enterprise and Services. In May 2009, the Company completed the sale of its 20.8% stake in Thales to Dassault Aviation. On December 31, 2009, the Company completed the sale of of Dunkermotoren GmbH, the electrical fractional horsepower motors and drives subsidiary, to Triton. In July 2009, the Company acquired Velocix, a global provider of content delivery network (CDN) infrastructure and services to Internet and broadband service providers, and media and entertainment companies.
Shares of Alcatel Lucent ADR Reptg 1 Ord Shs opened at 2.12 on Tuesday. Alcatel Lucent ADR Reptg 1 Ord Shs has a 52 week low of $2.07 and a 52 week high of $6.63. The stock’s 50-day moving average is $2.77 and its 200-day moving average is $4.34. The company has a market cap of $4.805 billion and a price-to-earnings ratio of 9.42.
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