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Enter Symbol:
 
Alcatel (ALU) [hlAlert]

Rating:
Mkt Perform
ALU
up 86.04 %

Alcatel (ALU) downgraded to Mkt Perform by Raymond James

Posted on: Thursday,  Oct 3, 2013  8:25 AM ET by Raymond James

Raymond James rated Mkt Perform Alcatel (NYSE: ALU) on 10/03/2013. Previously Raymond James rated Strong Buy Alcatel (NYSE: ALU) on 07/22/2013.,
when the stock price was $2.15. Since then, Alcatel has gained 86.05% as of 10/03/2013's recent price of $4.00.
If you would have followed the previous Raymond James's recommendation on ALU, you would have gained 86.04% of your investment in 73 days.

Alcatel Lucent provides product offerings that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end users. It offers fixed, mobile and converged broadband networking, Internet protocol (IP) technologies, applications and services. It has operations in more than 130 countries. The Company operates in three business segments: Carrier, Enterprise and Services. The Carrier segment supplies a portfolio of products and solutions used by fixed, wireless and convergent service providers, as well as enterprises and governments, for their business critical communications. This segment organized into seven business divisions: fixed access, Internet protocol (IP), optics, mobile access, code division multiple access (CDMA), applications and multicore.On October 7, 2008, the Company completed the acquisition of Motive, Inc.In July 2009, the Company acquired Velocix.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/3/2013 8:25 AM Hold
None
4.00
as of 12/13/2013
1 Week   
1 Month   
3 Months up  15.94 %
1 YTD up  86.04 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/22/2013 8:25 AM Buy
None
2.15

(*) Stock Price at the time of the recommendation.
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