Somewhat Positive News Coverage Extremely Likely to Affect Alphabet (GOOGL) Stock Price

Media stories about Alphabet (NASDAQ:GOOGL) have trended somewhat positive on Saturday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Alphabet earned a news impact score of 1.69 on their scale. InfoTrie also assigned news articles about the information services provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Alphabet’s score:

Shares of GOOGL opened at $1,138.61 on Friday. The company has a market capitalization of $790.47 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.36 and a beta of 1.03. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. Alphabet has a 1 year low of $977.66 and a 1 year high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.56 by $1.34. The business had revenue of $29.48 billion during the quarter, compared to analyst estimates of $29.99 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. During the same quarter in the prior year, the firm earned $13.33 earnings per share. Sell-side analysts anticipate that Alphabet will post 48.44 earnings per share for the current fiscal year.

Several brokerages have recently commented on GOOGL. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. DZ Bank reissued a “hold” rating and set a $1,197.00 price objective on shares of Alphabet in a report on Wednesday, May 1st. ValuEngine lowered Alphabet from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. William Blair reissued an “outperform” rating on shares of Alphabet in a report on Tuesday, February 5th. Finally, Wedbush reissued an “outperform” rating and set a $1,350.00 price objective on shares of Alphabet in a report on Tuesday, February 5th. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,328.88.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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