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Enter Symbol:
 
Alcatel (ALU) [hlAlert]

Rating:
Buy ALU
down 28.05 %

Alcatel (ALU) upgraded to Buy by Citigroup

Posted on: Wednesday,  Dec 11, 2013  8:25 AM ET by Citigroup

Citigroup rated Buy Alcatel (NYSE: ALU) on 12/11/2013, when the stock price was $4.67. Since then,
Alcatel has lost 28.05% as of 09/01/2015's recent price of $3.36.
If you would have followed this Citigroup's recommendation on ALU, you would have lost 28.05% of your investment in 629 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2013 8:25 AM Buy
None
4.67
as of 12/13/2013
1 Week down  -3.21 %
1 Month down  -3.21 %
3 Months down  -3.21 %
1 YTD down  -3.21 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2013 8:25 AM Hold
None
1.78

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