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Stock Update: Microsoft Corporation (NASDAQ:MSFT) – Facebook, Twitter, YouTube, Microsoft back EU hate speech rules

[Reuters] – Facebook, Twitter, Google’s YouTube and Microsoft on Tuesday agreed to an EU code of conduct to tackle online hate speech within 24 hours in Europe. EU governments have been trying in recent months to get social platforms to crack down on rising online racism following the refugee crisis and terror attacks, with some even threatening action against the companies. As part of the pledge agreed with the European Commission, the web giants will review the majority of valid requests for removal of illegal hate speech in less than 24 hours and remove or disable access to the content if necessary. Read more on this. Microsoft Corporation (MSFT) , valued at $411.20B, started the session at $52.26. A quick look at the market, the company’s stock traded between $52.10 and $52.59 with its 52-week range being $39.72 to $56.85. MSFT shares are currently priced at 19.60x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.28x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.44 per share annually in dividends, yielding 2.75%. According to a consensus of 29 analysts, the earnings estimate of $0.58 per share would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.67 would be a $0.21 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $22.17 Billion. If reported, that would be a 0.05% decrease over the year-ago quarter. In terms of ratings, Macquarie Initiated MSFT at Neutral (Mar 4, 2016). Previously, Morgan Stanley upgraded MSFT from Equal-Weight to Overweight. The average price target for MSFT shares by the analysts covering it is $57.66, which is 10.33% above where the stock opened. See more in (NASDAQ:MSFT) Similar Articles: Market Update: Microsoft Corporation (NASDAQ:MSFT) – Facebook, Microsoft Give Clean Energy a Boost With Buyer’s Group Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft And Facebook Say They’ve No Gender Pay Gap: Is This True? Market Update: Microsoft Corporation (NASDAQ:MSFT) – Microsoft Apologizes After Twitter Chat Bot Experiment Goes Awry
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