Alphabet Inc (NASDAQ:GOOG) has been downgraded to Underperform in a statement by Wedbush earlier today.
- Updated: September 27, 2016
Wedbush has downgraded Alphabet Inc (NASDAQ:GOOG) to Underperform in a statement released on 9/27/2016.
On 08/18/2016, Vetr Inc. released a statement on Alphabet Inc (NASDAQ:GOOG) upped the target price from $0.00 to $822.37 that suggested an upside of 0.07%.
Having a price of $783.01, Alphabet Inc (NASDAQ:GOOG) traded 1.14% higher on the day. With the last close up 6.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $774.33 and a 200-day moving average of $737.58. 1,153,172 shares of GOOG traded hands, down from an average trading volume of 1,359,330
Recent Performance Chart
Alphabet Inc has 52 week low of $590.22 and a 52 week high of $789.87 with a PE ratio of 30.34 and has a market cap of $0.
In addition to Wedbush reporting its stock price target, a total of 12 equity analysts have reported on the stock. The consensus target price is $930.08 with five equity analysts rating the company a strong buy, seven brokerages rating the company a buy, 1 broker rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell.
More About Alphabet Inc (NASDAQ:GOOG)
Alphabet Inc. is a holding company. The Company holds interests in Google Inc. (Google). The Company's segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company. Its technical infrastructure and Virtual Reality are also included in Google segment. Google segment is engaged in advertising, sales of digital content, applications and cloud services, as well as sale of Google branded hardware. The Other Bets segment consists of various operating segments and includes businesses, such as Access/Google Fiber, Calico, Nest, Verily, GV, Google Capital, X and other initiatives. Other Bets segment is engaged in the sale of Nest hardware products, Internet and television services through Google Fiber, and licensing and research and development (R&D) services through Verily.
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