Analyst Rating Update on Gogo (GOGO)

Gogo (NASDAQ:GOGO) : Zacks Investment Research ranks Gogo (NASDAQ:GOGO) as 3, which is a Hold 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 (NASDAQ:GOGO) : 3 Wall Street analysts covering Gogo (NASDAQ:GOGO) believe that the average level the stock could reach for the short term is $18. The maximum price target given is $26 and the minimum target for short term is around $11, hence the standard deviation is calculated at $7.55.

For the current week, the company shares have a recommendation consensus of Buy. Also, Standpoint Research initiates coverage on Gogo (NASDAQ:GOGO). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on June 23, 2016.

Gogo (NASDAQ:GOGO): stock turned positive on Tuesday. Though the stock opened at $7.95, the bulls momentum made the stock top out at $8.29 level for the day. The stock recorded a low of $7.9 and closed the trading day at $7.99, in the green by 1.65%. The total traded volume for the day was 1,829,532. The stock had closed at $7.86 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Quality Assurance) of Gogo Inc., Takhsh Arbela had sold 500 shares worth of $9,000 in a transaction dated November 24, 2015. In this transaction, 500 shares were sold at $18 per share.

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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