Gogo Inc (NASDAQ:GOGO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, Market Beat Ratings reports.

According to Zacks, “Gogo Inc. offers in-flight connectivity and wireless digital entertainment solutions in-flights. It operates through Commercial Aviation and Business Aviation segments. The Company provides equipment for in-flight connectivity with voice and data services, wireless digital entertainment solutions. Gogo Inc. is headquartered in Itasca, Illinois. “

Several other research firms also recently commented on GOGO. Dougherty & Co boosted their price target on shares of Gogo from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. William Blair reiterated an “outperform” rating on shares of Gogo in a research note on Tuesday, September 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Gogo currently has an average rating of “Hold” and an average target price of $16.50.

Shares of Gogo (NASDAQ:GOGO) opened at 14.05 on Tuesday. The firm’s 50-day moving average price is $16.85 and its 200 day moving average price is $16.70. Gogo has a 12 month low of $12.50 and a 12 month high of $23.20. The firm’s market capitalization is $1.21 billion.

Gogo (NASDAQ:GOGO) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.04. The business earned $126.40 million during the quarter, compared to analyst estimates of $124.15 million. During the same quarter last year, the firm earned ($0.29) EPS. The business’s revenue was up 21.5% on a year-over-year basis. Analysts anticipate that Gogo will post ($1.33) earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of GOGO. Beacon Capital Management purchased a new position in shares of Gogo during the fourth quarter worth approximately $0. Assetmark bought a new stake in shares of Gogo during the third quarter worth $0. Finally, Profit Investment Management boosted its stake in shares of Gogo by 1.5% in the fourth quarter. Profit Investment Management now owns 71,357 shares of the company’s stock worth $1,270,000 after buying an additional 1,080 shares during the period.

Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (NASDAQ:GOGO), 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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