Brokerage Firm Rating Update on Gogo (GOGO)

Gogo (GOGO) : Zacks Investment Research ranks Gogo (GOGO) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.4, which indicates as a Buy.

Gogo (GOGO) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $14 and the lowest price target forecast is $8. The average forecast of all the analysts is $11 and the expected standard deviation is $4.24.


For the current week, the company shares have a recommendation consensus of Buy. Also, Standpoint Research downgrades their rating on the shares of Gogo (NASDAQ:GOGO). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 18, 2016.

Gogo (NASDAQ:GOGO): The stock opened at $12.26 and touched an intraday high of $12.64 on Wednesday. During the day, the stock corrected to an intraday low of $12.26, however, the bulls stepped in and pushed the price higher to close in the green at $12.38 with a gain of 0.73% for the day. The total traded volume for the day was 1,070,519. The stock had closed at $12.29 in the previous trading session.

Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). Its services include global network solutions, which include ATG/ATG-4, Ku/2Ku, Global Xpress and Iridium and SwiftBroadband (SBB); equipment and equipment related services, which include a package of airborne equipment for its ATG/ATG-4 and satellite services; passenger services, which include passenger connectivity, passenger entertainment and portal content; airline/owner/operator services, which include account support, network monitoring and management services, passenger support services and portal design, development and hosting, and operations-oriented communications services, which include providing commercial airlines and business aircraft owners and operators the access to use applications requiring connectivity.

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