A Rare ‘Strong Buy’ Rating For Alcatel-Lucent (ALU)

April 11, 2012 by Jon C. Ogg

Source: Alcatel-Lucent
Alcatel-Lucent, S.A. (NYSE: ALU) doesn’t have many friends when it comes to research analysts on Wall Street after a series of ongoing disappointments.  That may be changing if today is any indication.  The team over at Raymond James has decided to initiate coverage on the European (formerly American Lucent) telecom and communications equipment provider with a Strong Buy rating this morning.  After closing at $1.98 on Tuesday, shares are trading up almost 5% at $2.08 in the pre-market trading.

Alcatel-Lucent has a consensus analyst target of $2.95, which actually implies close to 50% upside in the name.  Shares have traded in a range of $1.39 to $6.63 over the last year and the market cap at yesterday’s closing bell was $4.49 billion according to Yahoo! Finance data.

Alcatel is only expected to post a breakeven quarter on $4.59 billion in sales for its first quarter according to Thomson Reuters consensus earnings estimates.

JON C. OGG

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.


Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Tags:
Posted in Telecom & Wireless | Comments Off on A Rare ‘Strong Buy’ Rating For Alcatel-Lucent (ALU)