NEW YORK (TheStreet) -- Google Inc. (GOOGL) is facing angry European Union regulators who are "trying to extract" more concessions from them after hostility to a planned settlement of a 2010 antitrust investigation, according to the bloc's competition chief, Bloomberg reports.
The EU got "very, very negative" feedback to the proposed pact from companies, including Microsoft (MSFT) and Expedia (EXPE) , that asked the EU to examine allegations that Google discriminates against rivals in search results, Joaquin Almunia said in recent Bloomberg TV interview.
Shares of Google are slightly higher in pre-market trade.
TheStreet Ratings team rates GOOGLE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOOGLE INC (GOOGL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share."