Company Update: Google Inc (NASDAQ:GOOG) – Russian anti-monopoly body puts off decision on possible Google fine to May 11 – RIA

[Reuters] – MOSCOW (Reuters) – Russia’s anti-monopoly service has postponed a decision on a possible fine on Google to May 11, RIA news agency said on Wednesday. FAS, the watchdog, ruled last September that Google … Read more on this. Alphabet Inc. (GOOG) , valued at $516.40B, opened at $749.16. Today’s price range has been between $747.66 and $754.38 per share and has traded between $515.18 and $789.87 over the past 12 months. GOOG shares are currently priced at 21.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.83x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $7.95 per share, which would be $1.07 better than the year-ago quarter and a $0.15 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $34.62, which would be a $5.04 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.34 Billion. If reported, that would be a 17.84% increase over the year-ago quarter. In terms of ratings, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. With the above information in mind, readers should note that the average price target is $930.08, which is 24.15% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – One year after ‘Mobilegeddon,’ Google puts its focus on small businesses Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN) Stock Update: Google Inc (NASDAQ:GOOG) – Russian Official Says Google And Apple Have Hit ‘Point Of No Return’
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