Evercore Partners lowered shares of Gogo (NASDAQ:GOGO) from an overweight rating to an equal weight rating in a report released on Tuesday, AnalystRatings.NET reports.
Gogo (NASDAQ:GOGO) opened at 24.91 on Tuesday. Gogo has a 52-week low of $9.71 and a 52-week high of $25.88. The stock’s 50-day moving average is $17.79 and its 200-day moving average is $14.59. The company’s market cap is $2.095 billion.
Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.09. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $76.80 million. The company’s revenue for the quarter was up 47.8% on a year-over-year basis. On average, analysts predict that Gogo will post $-1.33 earnings per share for the current fiscal year.
Separately, analysts at UBS AG downgraded shares of Gogo from a buy rating to a neutral rating in a research note to investors on Tuesday. They now have a $26.00 price target on the stock, up previously from $20.00. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $22.50.
Gogo Inc is a holding company. The Company operates through its two operating subsidiaries, Gogo LLC and Aircell Business Aviation Services LLC.
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