NEW YORK (TheStreet) -- Alphabet (GOOGL) - Get Report stock closed up by 0.19% to $733.25 on Tuesday, as the Mountain View, CA-based company's search engine giant, Google, explores another major city to expand its fiber networks, CNBC reports.
The company is considering options to bring Google Fiber to Dallas.
Google Fiber is a broadband Internet and cable television network that is slowly growing to a number of locations, but currently is only provided in mid-sized cities.
The shift marks a big move for Google Fiber, which has not yet expanded its reach to a prime city due to economical concerns about competing with larger cable networks, according to CNBC.
Google has also expressed interest in expanding its fiber networks to Los Angeles and Chicago.
Separately, TheStreet Ratings rated Alphabet as a "buy" with a score of A-.
This is based on the convergence of positive investment measures. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels.
Although the company may harbor some minor weaknesses, TheStreet Ratings feels they are unlikely to have a significant impact on results.
You can view the full analysis from the report here: GOOGL
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.