Shares of ALU traded higher by 3.15% or $0.09/share to $2.95. Alcatel-Lucent is trading at a price to book ratio of 1.39. The PEG is 0.97 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.29. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 30033000 shares of ALU exchange hands on a given day and today's volume is recorded at 12457989. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Alcatel Lucent is engaged in mobile, fixed, Internet Protocol (IP) and optics technologies, applications and services.
