Alcatel Lucent SA (ADR) (NYSE:ALU) plans to update on its new growth strategy later this year. The company is entering the final leg of its turnaround plan and CEO, Michel Combes, said he remains focused on completing the process successfully.
As much as 9 analysts have advised buy on Alcatel Lucent SA (ADR) (NYSE:ALU) with an average broker rating of 2.22. Zacks research analysts are highly optimistic on the counter and has given it a short term rating of 1, indicating that it is a Outperform.
On Friday, Alcatel-Lucent (NYSE: ALU ) will release its quarterly report, and investors are looking for continued improvement on the earnings front as the telecommunications and networking equipment manufacturer tries to recover from a long period losses.
Major Brokerage house, Goldman Sachs upgrades its ratings on Alcatel Lucent SA (ADR) (NYSE:ALU). According to the latest information available, the shares are now rated Buy by the analysts at the agency.