Alcatel-LucentĀ 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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