Thursday, November 03, 2016 11:38:09 PM
Alphabet Inc. (GOOGL) Downgraded by Zacks Investment Research to “Hold”
October 27th, 2016 • 0 comments • Filed Under • by ABMN Staff
Alphabet logoAlphabet Inc. (NASDAQ:GOOGL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Alphabet is one of the leading providers of target-based advertisements on the web. The company has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. Its focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. We also see growing competition and legal hassles that could intensify with Brexit. “
https://www.americanbankingnews.com/2016/10/27/alphabet-inc-googl-downgraded-by-zacks-investment-research-to-hold.html
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