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Technology Stocks : Alcatel-Lucent (ALU)

ALU 3.460

0.0%

Mar 3 4:00 PM EST

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From: Sam	5/17/2012 11:06:01 PM
	of 176

Alcatel Lucent ( NYSE: ALU)‘s stock had its “neutral” rating reaffirmed by Nomura (NYSE: NMR) in a research note issued on Wednesday. ALU has been the subject of a number of other recent research reports. Analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Alcatel Lucent in a research note to investors on Wednesday, May 9th. Separately, analysts at RBC Capital (NYSE: RY) downgraded shares of Alcatel Lucent from a “sector perform” rating to an “underperform” rating in a research note to investors on Monday, April 30th. They now have a $1.00 price target on the stock, down previously from $2.50. Finally, analysts at Global Hunter Securities reiterated a “neutral” rating on shares of Alcatel Lucent in a research note to investors on Friday, April 27th. Alcatel Lucent traded down 1.72% on Wednesday, hitting $1.425. Alcatel Lucent has a 52-week low of $1.39 and a 52-week high of $6.05. The company has a market cap of $3.232 billion and a price-to-earnings ratio of 2.02. Alcatel Lucent last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.17. The company’s quarterly revenue was down 12.3% on a year-over-year basis. Analysts expect that Alcatel Lucent will post $0.08 EPS next quarter. dailypolitical.com

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