Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Announces New In-Season Content Licensing Agreement with PBS to Bring Original Civil War-Era Drama Mercy Street to Prime Members

[Business Wire] – —Amazon and PBS today announced an in-season content licensing agreement to make Prime Video the exclusive premium subscription streaming home for the new PBS original series Mercy Street, with each episode available to Prime members in the U.S. Read more on this. Amazon.com, Inc. (AMZN) , valued at $276.34B, began trading this morning at $580.25. Looking at the equity, the company’s one day range is $569.88 to $599.95 with a trailing 52-week range being $285.25 to $696.44. Amazon (AMZN) shares are currently priced at 309.47x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.49x earnings multiple for the same period. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $1.64 per share, which would be $1.19 better than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $1.88 is a $2.40 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $35.99 Billion. If realized, that would be a 22.71% increase over the year-ago quarter. Recently, Monness Crespi & Hardt downgraded AMZN from Buy to Neutral (Jan 4, 2016). Previously, Raymond James upgraded AMZN from Outperform to Strong Buy. When considering if perhaps the stock is under or overvalued, the average price target is $742.92, which is 28.03% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Original Series Mad Dogs Will Debut Exclusively for Prime Members on January 22 Stock Update (NASDAQ:AMZN): First-Ever Holiday Album from Multi-Platinum GRAMMY-Award Winning Band Train Coming to Amazon Music—Streaming Exclusively on Prime Music Market Update (NASDAQ:AMZN): Past Prime? The Great Disruptor Amazon Is In Danger Of Being Disrupted.