Barclays Raises Alcatel-Lucent (ALU) to Overweight, Cuts Ericsson (ERIC) to Underweight

October 14, 2013 8:16 AM EDT Send to a Friend
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Price: $2.97 +16.02%

Rating Summary:
    12 Buy, 10 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Barclays upgraded Alcatel-Lucent (NYSE: ALU) from Equalweight to Overweight. Analysts think speculation Nokia (NYSE: NOK) will buy Alcatel-Lucent is credible. A deal will benefit both companies, creating tougher competition for Ericsson (Nasdaq: ERIC).

Ericsson was cut to Underweight.

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 $3.68 yesterday.

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