JP Morgan Issues a Downgrade for Gogo (NASDAQ:GOGO) from a Overweight to Neutral Rating

February 24, 2018 - By Peter Erickson

 JP Morgan Issues a Downgrade for Gogo (NASDAQ:GOGO) from a Overweight to Neutral Rating

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.36, from 1.31 in 2017Q2. It dropped, as 26 investors sold Gogo Inc. shares while 31 reduced holdings. 16 funds opened positions while 38 raised stakes. 56.73 million shares or 4.99% more from 54.03 million shares in 2017Q2 were reported.

Barclays Public Limited holds 14,191 shares or 0% of its portfolio. Gamco Et Al reported 0.07% stake. Natl Bank Of America Corporation De holds 591,301 shares or 0% of its portfolio. Gsa Cap Llp owns 0.04% invested in Gogo Inc. (NASDAQ:GOGO) for 50,888 shares. Credit Suisse Ag holds 0% or 67,194 shares. Oz Mngmt Lp holds 43,900 shares or 0% of its portfolio. Ims accumulated 29,766 shares or 0.23% of the stock. Wolverine Asset Management Limited stated it has 0.11% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Premier Asset Management Llc stated it has 19,611 shares or 0.05% of all its holdings. Marathon Asset Mngmt Limited Partnership reported 400,000 shares or 0.52% of all its holdings. Fmr Ltd Limited Liability Company holds 8.05 million shares. Coe Limited Liability stated it has 0.86% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Frontier Cap Ltd Llc stated it has 1.55 million shares or 0.13% of all its holdings. Nationwide Fund stated it has 0% in Gogo Inc. (NASDAQ:GOGO). Gabelli Funds Ltd Liability Com accumulated 1.67 million shares.

Gogo (NASDAQ:GOGO) Receives a Downgrade

JP Morgan lowered shares of Gogo (NASDAQ:GOGO) stock from a Overweight rating to a Neutral rating in analysts note revealed on Friday morning.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.36, from 1.31 in 2017Q2. It dropped, as 26 investors sold Gogo Inc. shares while 31 reduced holdings. 16 funds opened positions while 38 raised stakes. 56.73 million shares or 4.99% more from 54.03 million shares in 2017Q2 were reported.

Barclays Public Limited holds 14,191 shares or 0% of its portfolio. Gamco Et Al reported 0.07% stake. Natl Bank Of America Corporation De holds 591,301 shares or 0% of its portfolio. Gsa Cap Llp owns 0.04% invested in Gogo Inc. (NASDAQ:GOGO) for 50,888 shares. Credit Suisse Ag holds 0% or 67,194 shares. Oz Mngmt Lp holds 43,900 shares or 0% of its portfolio. Ims accumulated 29,766 shares or 0.23% of the stock. Wolverine Asset Management Limited stated it has 0.11% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Premier Asset Management Llc stated it has 19,611 shares or 0.05% of all its holdings. Marathon Asset Mngmt Limited Partnership reported 400,000 shares or 0.52% of all its holdings. Fmr Ltd Limited Liability Company holds 8.05 million shares. Coe Limited Liability stated it has 0.86% of its portfolio in Gogo Inc. (NASDAQ:GOGO). Frontier Cap Ltd Llc stated it has 1.55 million shares or 0.13% of all its holdings. Nationwide Fund stated it has 0% in Gogo Inc. (NASDAQ:GOGO). Gabelli Funds Ltd Liability Com accumulated 1.67 million shares.

Gogo Inc. (NASDAQ:GOGO) Ratings Coverage

Among 9 analysts covering Gogo (NASDAQ:GOGO), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Gogo has $26 highest and $6.75 lowest target. $12.19’s average target is 37.27% above currents $8.88 stock price. Gogo had 14 analyst reports since October 7, 2015 according to SRatingsIntel. On Wednesday, January 25 the stock rating was initiated by Guggenheim with “Buy”. The rating was upgraded by Standpoint Research on Wednesday, August 31 to “Buy”. The company was downgraded on Friday, February 23 by J.P. Morgan. Standpoint Research initiated the shares of GOGO in report on Thursday, June 23 with “Buy” rating. The stock has “Neutral” rating by Macquarie Research on Tuesday, February 23. The firm has “Buy” rating by Dougherty & Company given on Wednesday, October 7. The stock of Gogo Inc. (NASDAQ:GOGO) has “Hold” rating given on Thursday, August 18 by Standpoint Research. The rating was downgraded by Standpoint Research to “Hold” on Friday, August 4. The stock of Gogo Inc. (NASDAQ:GOGO) earned “Buy” rating by Dougherty & Company on Monday, January 25. The firm has “Buy” rating given on Wednesday, June 15 by Dougherty & Company.

The stock decreased 2.74% or $0.25 during the last trading session, reaching $8.88. About 3.22M shares traded or 213.15% up from the average. Gogo Inc. (NASDAQ:GOGO) has risen 33.47% since February 24, 2017 and is uptrending. It has outperformed by 16.77% the S&P500.

Gogo Inc., through its subsidiaries, provides in-flight connectivity and wireless in-cabin digital entertainment solutions to the aviation industry in the United States and internationally. The company has market cap of $770.54 million. The firm operates through three divisions: Commercial Aviation North America , Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). It currently has negative earnings. The CA-NA segment provides in-flight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America.

More recent Gogo Inc. (NASDAQ:GOGO) news were published by: Prnewswire.com which released: “Gogo Inc. to Report Fourth Quarter and Full-Year 2017 Financial Results on …” on January 30, 2018. Also Prnewswire.com published the news titled: “Gogo Inc. to Participate in Four Investor Conferences” on February 15, 2018. Seekingalpha.com‘s news article titled: “Gogo’s (GOGO) CEO Michael Small on Q4 2017 Results – Earnings Call Transcript” with publication date: February 22, 2018 was also an interesting one.

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