Alcatel-Lucent SA (EPA: ALU)‘s stock had its “market perform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Friday. They currently have a $1.30 (€1) target price on the stock.

Shares of Alcatel-Lucent SA traded down 1.24% during mid-day trading on Friday, hitting €0.799. Alcatel-Lucent SA has a 52 week low of €0.71 and a 52 week high of €2.067. The company has a market cap of €1.812 billion and a P/E ratio of 1.52.

ALU has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “buy” rating on shares of Alcatel-Lucent SA in a research note to investors on Thursday. They now have a $3.04 price target on the stock. Separately, analysts at CIC Securities reiterated a “sell” rating on shares of Alcatel-Lucent SA in a research note to investors on Thursday, October 18th. They now have a $0.79 price target on the stock. Finally, analysts at Barclays Capital reiterated an “equalweight” rating on shares of Alcatel-Lucent SA in a research note to investors on Wednesday, October 10th. They now have a $1.74 price target on the stock.

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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