S&P Downgrades Google Stock Rating To "Sell"

Tuesday, August 16, 2011 21:04
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S&P Downgrades Google Stock Rating To

Tags: google

Equity analysts at Standard & Poor’s downgraded Google’s stock rating from “buy” to “sell” Tuesday, following the search giant’s decision to acquire Motorola Mobility for $12.5 billion.

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Mashable reports that, in a statement on the rating reversal, S&P equity analyst Scott Kessler said that the Motorola purchase puts Google at risk. S&P does not believe Motorola’s patent portfolio will ease Google’s patent woes.

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