Deutsche Bank Reiterates a 'Buy' on Alcatel-Lucent (ALU); Risk Overstated, Momentum to Improve
Tweet
Share
E-mailGet Alerts ALU Hot Sheet
Price: $3.46 --0%
Rating Summary:
14 Buy, 6 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
14 Buy, 6 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Deutsche Bank reiterates a 'Buy' on Alcatel-Lucent (NYSE: ALU) price target of $2.00.
Analyst, Kai Korschelt, said, "We believe debt & equity markets are discounting an overly harsh financial distress scenario for ALU, with our stress test indicating sufficient liquidity to service upcoming maturities and still retain a ~E3.5bn gross cash buffer. With a likely Q& H2 revenue and margin recovery plus potential router & IP monetization catalysts, we believe momentum is set to improve and reiterate our rating."
Deutsche Bank cuts FY12 EPS estimate from EUR0.08 to EUR 0.06 and raises FY13 from EUR0.13 to EUR0.16.
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 $1.50 yesterday.
Analyst, Kai Korschelt, said, "We believe debt & equity markets are discounting an overly harsh financial distress scenario for ALU, with our stress test indicating sufficient liquidity to service upcoming maturities and still retain a ~E3.5bn gross cash buffer. With a likely Q& H2 revenue and margin recovery plus potential router & IP monetization catalysts, we believe momentum is set to improve and reiterate our rating."
Deutsche Bank cuts FY12 EPS estimate from EUR0.08 to EUR 0.06 and raises FY13 from EUR0.13 to EUR0.16.
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 $1.50 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Bharat Forge Ltd. (BHFC:IN) to Buy
- Trelleborg AB (TRELB:SS) (TBABF) PT Raised to SEK376 at Barclays
- Compass Minerals International (CMP) PT Lowered to $15 at Deutsche Bank
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
