Berenberg Bank Reiterates Sell Rating for Alcatel Lucent SA (ALU)

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

Separately, analysts at Raymond James cut their price target on shares of Alcatel Lucent SA from €2.50 ($3.25) to €2.25 ($2.92) in a research note to investors on Monday, April 29th. They now have an “outperform” rating on the stock.

Shares of Alcatel Lucent SA (EU: ALU) opened at 1.84 on Friday. Alcatel Lucent SA has a 52 week low of $0.91 and a 52 week high of $1.84. The stock’s 50-day moving average is currently $1.49. The company’s market cap is $4.179 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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