Why Gogo Inc. Shares Fell 11% Today [The Motley Fool]
Gogo Inc. (GOGO)
Last gogo inc. earnings: 3/13 07:00 am
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US:NASDAQ Investor Relations:
ir.gogoair.com/investor-overview
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Source: The Motley Fool
The in-flight connectivity expert just had its credit ratings slashed, with some scary implications for the company's near-term future. Anders Bylund ( TMFZahrim ) May 8, 2018 at 11:45AM What happened Shares of in-flight internet service provider Gogo ( NASDAQ:GOGO ) were trading 16% lower at 11:15 a.m. EDT. Investors were rattled when Moody's lowered the company's credit ratings across the board. So what In a research note published after the closing bell on Monday, Moody's lowered Gogo's corporate credit rating and probability-of-default grade from B3 to Caa1. The speculative grade liquidity rating fell from SGL-2 to SGL-3. In plain English, Moody's view of Gogo moved from highly speculative to substantial risks, with a negative outlook that could lead to even further rating cuts in the near term. Image source: Getty Images.
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GOGO
News
- Gogo Inc. to Report First Quarter 2024 Financial Results on May 7, 2024PR Newswire
- Gogo Inc. (NASDAQ: GOGO) had its price target lowered by analysts at Morgan Stanley from $15.00 to $12.00. They now have an "equal weight" rating on the stock.MarketBeat
- Gogo Secures FCC Regulatory Approval for Gogo Galileo TerminalsPR Newswire
- GOGO to Transform In-Flight Connectivity for Business Aviation [Yahoo! Finance]Yahoo! Finance
- Gogo Galileo Global Broadband Coming to European OperatorsPR Newswire
GOGO
Earnings
- 2/28/24 - In-Line
GOGO
Sec Filings
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- GOGO's page on the SEC website