Market Overview

Alcatel-Lucent Down on Analyst Downgrade

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The shares of Alcatel-Lucent (NYSE: ALU) are trading over six percent lower on the session after Natixis downgraded the company from Buy to Neutral. The stock is down 46 percent since last January and trades near 52-week lows. Alcatel-Lucent is also below its 50-day and 200-day moving averages.

The stock is currently trading at $1.59, down $0.11 or 6.47%.

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