Telecom & Wireless
A Rare 'Strong Buy' Rating For Alcatel-Lucent (ALU)
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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
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