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Analysts Duel over Alcatel-Lucent Turnaround as Stock Seeks New 52-Week High
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It has been a very long time since anything really good happened at Alcatel-Lucent S.A. (NYSE: ALU). Now the company is planning another round of layoffs and another round of trimming down units to right-size its operations. As the company aims to be in advanced communication technology, it has had to move further and further away from being a one-stop shop for telecom and communications players. Now we have analysts in a duel over how well things will go.
The company even named its restructuring “The Shift Plan” to concentrate on more of the advanced communications in Internet networking and ultra-broadband for mobile and terrestrial communications systems. A debt refinancing also has given the company a better outlook on its long-term cash management plan.
Shares were up 6% at one point on Wednesday, and the ADRs trading in New York closed up more than 3% to $1.93, against a 52-week trading range of $0.91 to $2.01. That high was put in on Wednesday. Now shares are indicated up another 3% at $1.99 in New York ADRs trading.
On the local exchange in Paris, Alcatel-Lucent shares hit a new 52-week high of 1.53 euro on Thursday. A horse race is happening here, and the question is whether you can trust that this time is different for a company where nothing seems to have gone well in a decade.
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