[Business Wire] – —Amazon and PBS Distribution today announced that they have entered into a multi-year agreement that makes Amazon Prime Video the exclusive premium subscription streaming home for a broad collection of PBS KIDS series. Read more on this. Amazon.com, Inc. (AMZN) , with a current value of $342.14B, opened this morning at $717.32. During the trading session, AMZN traded between $716.59 to $725.49 with its 52-week range being $425.57 to $731.50. Priced at 132.77x this year’s forecasted earnings, AMZN shares are relatively expensive compared to the industry’s 9.53x forward p/e ratio. Consensus earnings for the current quarter by the 36 sell-side analysts covering the stock is an estimate of $1.10 per share, which would be $0.91 better than the year-ago quarter and a $0.14 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $5.39 would be a $4.14 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $29.54 Billion. If reported, that would be a 27.44% increase over the year-ago quarter. More recently, Maxim Group Initiated AMZN at Buy (Jun 23, 2016). Previously, Raymond James downgraded AMZN from Strong Buy to Outperform. Investors should keep in mind is that the average price target is $802.42, which is 11.86% above where the stock opened this morning. See more in (NASDAQ:AMZN) Similar Articles: Market Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Announces Lineup of Original Family Music Exclusively Streaming on Prime Music Company Update (NASDAQ:AMZN): Third Season of Emmy-Nominated Amazon Original Kids Series Annedroids Will Debut June 24 on Amazon Prime Video in the US Company Update: Amazon.com Inc (NASDAQ:AMZN) – Amazon Prime Video Adds the Latest Series from The Weinstein Company and Oscar and Emmy-winner Julian Fellowes, Julian Fellowes Presents Doctor Thorne, to its Original Series Lineup