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OFFON

BOOKING HOLDINGS INC.

(BKNG)
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Booking : Russia fines Booking.com $17.5 mln for violating competition law

08/26/2021 | 12:44pm EDT

MOSCOW, Aug 26 (Reuters) - Russia's federal anti-monopoly service (FAS) has slapped a 1.3 billion rouble ($17.52 million) fine on hotel reservation website Booking.com for violating anti-monopoly law, the regulator said on Thursday.

The fine from the FAS comes nine months after it accused the company of violating Russia's competition law, saying that Booking.com "abused its dominant position on the market."

According to Russian anti-monopoly law, a company could face a fine of between 1% and 15% of its annual revenue generated in Russia.

Booking.com said on Thursday it planned to appeal the FAS decision, TASS news agency reported. ($1 = 74.1934 roubles) (Reporting by Andrey Ostroukh; Editing by Kirsten Donovan)


© Reuters 2021
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Analyst Recommendations on BOOKING HOLDINGS INC.
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Financials (USD)
Sales 2021 10 404 M - -
Net income 2021 1 652 M - -
Net cash 2021 1 542 M - -
P/E ratio 2021 60,1x
Yield 2021 -
Capitalization 99 001 M 99 001 M -
EV / Sales 2021 9,37x
EV / Sales 2022 6,43x
Nbr of Employees 19 500
Free-Float 64,4%
Chart BOOKING HOLDINGS INC.
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Booking Holdings Inc. Technical Analysis Chart | BKNG | US09857L1089 | MarketScreener
Technical analysis trends BOOKING HOLDINGS INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 34
Last Close Price 2 411,13 $
Average target price 2 544,81 $
Spread / Average Target 5,54%
EPS Revisions
Managers and Directors
Glenn D. Fogel Chief Executive Officer & Director
David Ian Goulden Chief Financial Officer & Executive Vice President
Robert J. Mylod Chairman
Thomas E. Rothman Independent Director
Timothy M. Armstrong Independent Director
Sector and Competitors