Company Update (NASDAQ:GOOG): Google Gets Beaten to the Punch by AT&T on Super-Fast Broadband

[at Bloomberg] – Google Fiber has yet to bring its super-fast broadband service to the city of Atlanta. But Comcast Corp. and AT&T Inc. know it’s coming, and they’re offering the 1 gigabit Internet speed Google promised … Read more on this. Alphabet Inc. (GOOG) , valued at $494.32B, opened this morning at $716.10. Looking at the equity, the company’s one day range is $715.64 to $722.43 and has traded between $515.18 and $789.87 over the past 12 months. Priced at 21.20x this year’s forecasted earnings, GOOG shares are relatively expensive compared to the industry’s 16.73x 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 $0.08 sequential decrease. The full-year EPS estimate is $33.91 which would be a $4.33 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.77 Billion. If realized, that would be a 17.15% 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. When considering if the stock is under or overvalued, the average price target is $928.42, which is 29.65% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update: Google Inc (NASDAQ:GOOG) – Google invented this weird-looking gadget to collect people’s medical info Market Update: Google Inc (NASDAQ:GOOG) – Google Express vs. Amazon Prime Now (GOOG, AMZN) Company Update: Google Inc (NASDAQ:GOOG) – Spotify is making a big switch — and it’s a huge win for Google