Alcatel-Lucent (ALU): Today's Featured Telecommunications Winner
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.2%. By the end of trading, Alcatel-Lucent rose 9 cents (6.1%) to $1.57 on average volume. Throughout the day, 26.7 million shares of Alcatel-Lucent exchanged hands as compared to its average daily volume of 22.5 million shares. The stock ranged in a price between $1.50-$1.59 after having opened the day at $1.56 as compared to the previous trading day's close of $1.48. Other companies within the Telecommunications industry that increased today were:
(
), up 27.1%,
(
), up 20.6%,
eOn Communications Corporation
(
), up 12.4%, and
(
), up 11.2%.
Alcatel-Lucent provides networking and communications technology, products, and services to service providers, enterprises, and governments worldwide. Alcatel-Lucent has a market cap of $3.38 billion and is part of the
sector. The company has a P/E ratio of 4.1, above the average telecommunications industry P/E ratio of 2.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 5.1% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Alcatel-Lucent a buy, three analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Alcatel-Lucent as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and a generally disappointing performance in the stock itself.
- You can view the full Alcatel-Lucent Ratings Report.
On the negative front,
(
), down 13%,
(
), down 11.4%,
(
), down 9.4%, and
(
), down 8.7%, were all losers within the telecommunications industry with
(
) being today's telecommunications industry loser.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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