Stock Update (NASDAQ:GOOG): Russian watchdog again puts off decision on Google fine

[Reuters] – MOSCOW (Reuters) – Russia’s state competition watchdog has again postponed a decision on a possible fine on Alphabet Inc’s Google, the agency said on Tuesday. The watchdog, FAS, had been expected to discuss … Read more on this. Alphabet Inc. (GOOG) , currently valued at $504.22B, started the session at $731.56. Shares have traded today between $731.45 and $739.64 per share with a trailing 52-week range being $515.18 to $789.87. Priced at 21.81x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 8.28x forward p/e ratio. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $8.06 per share, which would be $1.07 better than the year-ago quarter and a $0.13 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $33.60 is a $4.02 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.75 Billion. If reported, that would be a 17.03% increase over the year-ago quarter. Recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. Given all the information above, we should disclose to readers that the average price target is $924.83, which is 26.42% above than it opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Google faces record three billion euro EU antitrust fine: Telegraph Company Update (NASDAQ:GOOG): Russian watchdog again puts off decision on Google fine : RIA Company Update: Google Inc (NASDAQ:GOOG) – Russian anti-monopoly body puts off decision on possible Google fine to May 11 – RIA