Market Update (NASDAQ:GOOG): EU hits Google with antitrust charges over Android conduct

[at MarketWatch] – The European Union has filed its second round of formal antitrust charges against Alphabet’s Google in less than two years, accusing the U.S. technology giant of abusing the dominance of its Android mobile … Read more on this. Alphabet Inc. (GOOG) , valued at $518.55B, opened at $757.91. Today’s price range has been between $752.09 and $758.48 per share with its 52-week range being $515.18 to $789.87. Google (GOOG) shares are currently priced at 21.78x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.02x earnings multiple for the same period. According to a consensus of 37 analysts, the earnings estimate of $7.95 per share would be $1.07 better than the year-ago quarter and a $0.15 sequential increase. Investors should also note that the full-year EPS estimate of $34.62 is a $5.04 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.37 Billion. If reported, that would be a 18.02% 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. Investors should keep in mind is that the average price target is $930.08, which is 22.72% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update: Google Inc (NASDAQ:GOOG) – 420 Million Android Devices Don’t Get Security Updates, Google Reports Stock Update: Google Inc (NASDAQ:GOOG) – Google to take on Apple in the UK with Android Pay Stock Update (NASDAQ:GOOG): Google fails to overturn antitrust ruling in Russia