Alphabet (GOOGL) Receives Daily Coverage Optimism Rating of 0.08

News coverage about Alphabet (NASDAQ:GOOGL) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alphabet earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 45.6962561104702 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several equities research analysts have recently issued reports on the company. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price objective for the company in a research note on Monday, June 5th. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. raised their price objective on Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective (down from $1,150.00) on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,053.45.

Shares of Alphabet (GOOGL) traded up 0.40% during trading on Wednesday, hitting $950.44. The stock had a trading volume of 1,094,666 shares. The stock has a market cap of $658.54 billion, a price-to-earnings ratio of 34.44 and a beta of 0.98. The stock’s 50-day moving average is $942.30 and its 200-day moving average is $925.56. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the business posted $8.42 EPS. On average, equities research analysts expect that Alphabet will post $30.59 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/13/alphabet-googl-receives-daily-coverage-optimism-rating-of-0-08.html.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply