Market Overview

UPDATE: Goldman Sachs Reiterates Alcatel-Lucent at Sell; Removes from Conviction Sell List

Related ALU
Nokia China Huaxin Sign MoU to Create New JV Combining Nokia China, Alcatel-Lucent Shanghai Bell
Nokia Filed Preliminary Draft Of Registration Statement on Form F-4 With SEC Relating to Proposed Acquisition of Alcatel-Lucent
Nokia paves way for merger approval with China Huaxin JV (Seeking Alpha)

Goldman Sachs reiterated Alcatel-Lucent (NYSE: ALU) at Sell but removed shares from its Conviction List following recovery in shares.

Goldman Sachs commented, "Since adding Alcatel to the Conviction Sell List on October 5, 2012, the shares are +48.2% vs. the FTSE World Europe +5.2%(-2.0% and +15.1% over the last 12 months, ALU +57.7% since October 5, 2012 and +2.5% over past 12 months). In our view outperformance has been driven by upside to capex intentions of US Telcos, granular disclosure on ALU's patent portfolio and the announcement of a planned significant change in Alcatel's capital structure, mitigating tail risk. We remove ALUA.PA and ALU from the Conviction List but they remain Sell given the group's Q4 industry positioning and returns."

Alcatel-Lucent closed at $1.64 on Friday.

Latest Ratings for ALU

May 2015Societe GeneraleUpgradesHoldBuy
May 2015CitigroupUpgradesNeutralBuy
Apr 2015BernsteinUpgradesMarket PerformOutperform

View More Analyst Ratings for ALU
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Intraday Update Analyst Ratings


Related Articles (ALU)

View Comments and Join the Discussion!

Get Benzinga's Newsletters