Upgrade Alert for Alcatel-Lucent (ALU)
Alcatel-Lucent (NYSE:ALU) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $3.37 on volume of 11.7 million shares, above average daily volume of 7.3 million.
Potential upside of 15.9% exists for Alcatel-Lucent, based on a current level of $3.37 and analysts' average consensus price target of $3.91. Alcatel-Lucent shares should encounter resistance at the 200-day moving average (MA) of $3.47 and support at the 50-day MA of $3.32.
Alcatel-Lucent share prices have moved between a 52-week high of $4.62 and a 52-week low of $2.28 and closed yesterday at 48% above that low price at $3.37 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.
Alcatel-Lucent manufactures telecommunications equipment, and offers telecommunications services. The Company's telecommunications equipment and services enable its customers to send or receive virtually any type of voice or data transmission. Alcatel-Lucent designs and builds public and private networks, communications systems and software, and data networking systems.
SmarTrend recommended that subscribers consider buying shares of Alcatel-Lucent on October 30th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.93. Since that recommendation, shares of Alcatel-Lucent have risen 15.2%. We continue to monitor ALU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades Alcatel-Lucent