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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Andrew Tonner has no positions in the stocks mentioned above. Follow Andrew and all his writing on Twitter: @AndrewTonner. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.