Should Investors Be Buying Alcatel-Lucent (NYSE:ALU) Stock Following Today’s Credit Suisse Upgrade?


Alcatel-Lucent (NYSE:ALU) Stock Upgrade

Credit Suisse increased shares of Alcatel-Lucent (NYSE:ALU) from a “Neutral” rating to a solid “Outperform” in a recent report made public on today.

From a total of 7 analysts covering Alcatel Lucent SA (NYSE:ALU) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 33% of the ratings are positive. Alcatel Lucent SA was the topic of 3 analyst reports since September 3, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets upgraded shares on November 4 to “Outperform” rating. Bernstein maintained ALU stock in a recent report from September 3 with “Outperform” rating.

The stock decreased 0.13% or $0.01 during the last trading session, striking $3.92. Approximately 345,963 shares of stock traded hands. Alcatel Lucent SA (ADR) (NYSE:ALU) has declined 1.01% since April 28, 2015 and is downtrending. It has outperformed by 0.62% the S&P500.

 Should Investors Be Buying Alcatel-Lucent (NYSE:ALU) Stock Following Today’s Credit Suisse Upgrade?

Alcatel Lucent is a provider of Internet protocol and cloud networking and ultra-broadband access. The company has a market cap of $11.08 billion. The Firm operates through Core Networking and Access divisions. It currently has negative earnings. The Company’s Core Networking segment includes IP Routing, comprised of its IP routing portfolio and Nuage Networks; IP Transport, comprised of its terrestrial optics, submarine optics and wireless transmission portfolios, and IP Platforms, which includes software as well as services.

According to Zacks Investment Research, “Alcatel builds next generation networks, delivering integrated end-to-end voice and data communications solutions to established and new carriers, as well as enterprises and consumers worldwide. The company,the world leader in ADSL1 equipment, has expanded ts ADSL modem line with the launch of the Speed TouchTM IADy, offering Voice over ADSL service. Working on an existing copper telephone line, ADSL’s transmission speed is up to 200 times faster than today’s analog modems.” Get a free copy of the Zacks research report on Alcatel Lucent SA (ADR) (ALU)