Somewhat Favorable News Coverage Somewhat Unlikely to Impact Gogo (NASDAQ:GOGO) Stock Price

Press coverage about Gogo (NASDAQ:GOGO) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gogo earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.4823920726322 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Gogo (GOGO) traded down $0.07 during trading hours on Monday, hitting $8.73. 907,715 shares of the stock were exchanged, compared to its average volume of 868,778. The stock has a market capitalization of $757.53, a PE ratio of -4.39 and a beta of 1.45. Gogo has a 1 year low of $8.52 and a 1 year high of $14.76. The company has a current ratio of 2.20, a quick ratio of 2.02 and a debt-to-equity ratio of -6.40.

A number of research firms recently issued reports on GOGO. Zacks Investment Research upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. BidaskClub cut shares of Gogo from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 16th. Finally, ValuEngine upgraded shares of Gogo from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.35.

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About Gogo

Gogo Inc is a holding company. The Company is a provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA).

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