Alphabet (GOOGL) Earning Somewhat Positive Press Coverage, Study Finds

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News coverage about Alphabet (NASDAQ:GOOGL) has been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Alphabet earned a coverage optimism score of 0.63 on their scale. InfoTrie also assigned news coverage about the information services provider an news buzz score of 4 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Alphabet’s analysis:

NASDAQ:GOOGL opened at $1,267.34 on Friday. Alphabet has a one year low of $977.66 and a one year high of $1,291.44. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $881.04 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.50 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the consensus estimate of $11.08 by $1.69. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The firm had revenue of $31.84 billion during the quarter, compared to analysts’ expectations of $31.28 billion. During the same quarter last year, the firm earned $9.70 earnings per share. As a group, equities research analysts anticipate that Alphabet will post 47.31 earnings per share for the current year.

A number of equities analysts have issued reports on GOOGL shares. Pivotal Research upgraded Alphabet from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,010.00 to $1,240.00 in a research report on Monday, January 7th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Monday, January 14th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,208.00 price target on the stock in a research report on Friday, January 11th. Stifel Nicolaus decreased their target price on Alphabet from $1,400.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Friday, January 25th. Finally, Deutsche Bank restated a “buy” rating and issued a $1,300.00 target price on shares of Alphabet in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,333.36.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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