Company Update (NASDAQ:GOOG): Google to Facebook Risk New Wave of EU Curbs on Data Dominance

[at Bloomberg] – Companies like Google and Facebook Inc. risk new regulatory curbs as the European Union considers ways to limit how technology giants’ bargaining power and control of vast amounts of data may hurt competitors … Read more on this. Alphabet Inc. (GOOG) , currently valued at $477.53B, started trading this morning at $707.29. Looking at today’s market, GOOG one day range is $692.37 to $708.98 with the price of the stock fluctuating between $515.18 to $789.87 over the last 52 weeks. GOOG shares are currently priced at 20.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.73x earnings multiple. Consensus earnings for the current quarter by the 38 sell-side analysts covering the stock is an estimate of $8.07 per share, which would be $1.08 better than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $33.82 is a $4.24 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 $20.78 Billion. If realized, that would be a 17.20% increase over the year-ago quarter. More recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $924.83, which is 30.76% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): Israel to Levy New Taxes on Google, Facebook in Policy Shift Stock Update (NASDAQ:GOOG): Why Are Google and Facebook Partnering with Each Other? Company Update: Google Inc (NASDAQ:GOOG) – Google, Facebook Stealing TV Ad Budgets, Says RBC