Google Inc (NASDAQ:GOOG) | Google Teams Up With Russian Rival for Ad Bidding

Google Inc (NASDAQ:GOOG) [at 24/7 Wall St.] – Yandex, which operates the largest search engine in Russia, has teamed up with Google in a deal that will allow each company’s advertising clients to bid on the advertising inventory of the other.
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Google Inc. (GOOG), valued at $411.72B, ended trading at $1,220.00.
 
Shares have traded today between $1,220.89 and $1,226.69 per share and has traded between $761.26 and $1,226.69 over the past 12 months.
 
GOOG shares are currently priced at 23.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -9.01x forward p/e ratio.
 

 
Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $12.28 per share, which would be $0.70 better than the year-ago quarter and a $0.02 sequential increase. What we find to be interesting is that the full-year EPS estimate of $51.81 is a $7.92 improvement 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 $16.52 Billion. If realized, that would be a 18.25% increase over the year-ago quarter.
 
More recently, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
 
The average price target for GOOG shares by the analysts covering it is $1,317.38, which is 0.00% above where the stock opened.
 
Google Inc (NASDAQ:GOOG), a technology company, builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, AdWords, AdSense and YouTube. Further, the company offers Android Mobile OS, Google Chrome, Google+, Google Wallet and much more.
 
Tag Helper ~ Stock Code: GOOG | Common Company name: Google | Full Company name: Google Inc (NASDAQ:GOOG) .

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