Deutsche Bank Reiterates Buy on Alcatel Lucent (ALU)
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Global Hunter Securities reiterated a “neutral” rating on shares of Alcatel Lucent in a research note to investors on Friday, April 27th. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Alcatel Lucent in a research note to investors on Thursday, April 26th.
Shares of Alcatel Lucent opened at 1.50 on Wednesday. Alcatel Lucent has a 52 week low of $1.39 and a 52 week high of $6.33. The company has a market cap of $3.317 billion and a P/E ratio of 2.13.
Alcatel Lucent last announced its 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. On average, analysts predict that Alcatel Lucent will post $0.08 earnings per share next quarter.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (IP) and optics technologies, applications and services.