Very Negative Media Coverage Extremely Unlikely to Affect Alphabet (NASDAQ:GOOGL) Stock Price

News stories about Alphabet (NASDAQ:GOOGL) have been trending very negative recently, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Alphabet earned a media sentiment score of -3.52 on their scale. InfoTrie also assigned news stories about the information services provider an news buzz score of 1 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Alphabet’s analysis:

Alphabet stock opened at $1,333.54 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. Alphabet has a 52-week low of $977.66 and a 52-week high of $1,333.54. The firm has a 50 day moving average price of $1,250.67 and a two-hundred day moving average price of $1,182.72. The firm has a market cap of $902.90 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.60 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.42 by ($2.30). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm had revenue of $33.01 billion for the quarter, compared to the consensus estimate of $32.84 billion. During the same quarter in the previous year, the business posted $13.06 EPS. As a group, equities research analysts predict that Alphabet will post 49.05 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Pivotal Research reiterated a “hold” rating and issued a $1,445.00 price objective on shares of Alphabet in a report on Tuesday, October 29th. Credit Suisse Group reiterated an “outperform” rating and issued a $1,700.00 price objective (up previously from $1,500.00) on shares of Alphabet in a report on Wednesday, October 23rd. They noted that the move was a valuation call. MKM Partners reiterated a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a report on Friday, August 2nd. Morgan Stanley raised their price objective on shares of Alphabet from $1,400.00 to $1,450.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Bank of America reiterated a “buy” rating and issued a $1,450.00 price objective on shares of Alphabet in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,411.81.

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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