October 1, 2012
Alcatel-Lucent is down around 4% today thanks a downgrade from UBS. The downgrade was driven by a number of factors, including:
- Soft-fix wireline spending in Europe,
- slowing growth in China, and
- possible asset sales to service debt.
These weaknesses have driven the stock down 62% over the last 12 months, and its still down around 32% year to date.
In the video below, Fool.com analyst Andrew Tonner provides the full story, including additional reasons for the widespread bearishness on this stock.
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