Deutsche Bank Maintains a 'Buy' on Alcatel-Lucent (ALU); Consider Tossing Their Own Patents Into The Ring
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Price: $1.47 -2.65%
Rating Summary:
7 Buy, 8 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
7 Buy, 8 Hold, 8 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade ALU Now!
Deutsche Bank maintains a 'Buy' on Alcatel-Lucent (NYSE: ALU) price target of $2.00.
Analyst, Kai Korschelt, notes that Alcatel-Lucent (NYSE: ALU) may be able to monetize its IP/Patents in the second half of the year. This in turn, would help de-leverage the company's balance sheet. Korschelt feels ALU could get between $130 million and all the way to $3.5 billion. All in, he sees any total over triple digit $ millions in proceeds being a positive catalyst for the stock.
Deutsche Bank's reason for this positive inference is because Interdigital (Nasdaq: IDCC) sold 1700 patents and applications (primarily related to 3G) to Intel (Nasdaq: INTC) (Buy-rated) for $375 million.
For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.
Shares of Alcatel-Lucent closed at $1.56 yesterday, with a 52 week range of $1.39-$6.05.
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Analyst, Kai Korschelt, notes that Alcatel-Lucent (NYSE: ALU) may be able to monetize its IP/Patents in the second half of the year. This in turn, would help de-leverage the company's balance sheet. Korschelt feels ALU could get between $130 million and all the way to $3.5 billion. All in, he sees any total over triple digit $ millions in proceeds being a positive catalyst for the stock.
Deutsche Bank's reason for this positive inference is because Interdigital (Nasdaq: IDCC) sold 1700 patents and applications (primarily related to 3G) to Intel (Nasdaq: INTC) (Buy-rated) for $375 million.
For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.
Shares of Alcatel-Lucent closed at $1.56 yesterday, with a 52 week range of $1.39-$6.05.
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