Alcatel-Lucent SA’s “Sell” Rating Reaffirmed at Berenberg Bank (ALU)

Alcatel-Lucent SA (EPA: ALU)‘s stock had its “sell” rating restated by equities researchers at Berenberg Bank in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a €0.70 ($0.91) price objective on the stock.

Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “sell” rating on shares of Alcatel-Lucent SA in a research note to investors on Tuesday, May 28th. They now have a €0.65 ($0.84) price target on the stock. Separately, analysts at AlphaValue reiterated a “buy” rating on shares of Alcatel-Lucent SA in a research note to investors on Thursday, May 16th. They now have a €2.27 ($2.95) price target on the stock. Finally, analysts at Oddo & Cie reiterated a “neutral” rating on shares of Alcatel-Lucent SA in a research note to investors on Wednesday, May 8th. They now have a €1.50 ($1.95) price target on the stock.

Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Alcatel-Lucent SA has a consensus rating of “Hold” and a consensus target price of €1.02 ($1.32).

Shares of Alcatel-Lucent SA (EPA: ALU) opened at 1.344 on Wednesday. Alcatel-Lucent SA has a 52 week low of €0.71 and a 52 week high of €1.438. The stock’s 50-day moving average is currently €0.89. The company’s market cap is €3.053 billion.

Alcatel Lucent SA is a France based company that proposes solutions used by service providers, businesses, and governments worldwide to offer voice, data, and video services to their own customers.

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