Embattled travel firm Thomas Cook downgraded by Fitch, S&P [Reuters]
THOMAS COOK GROUP PLC (TCKGY)
NASDAQ:AMEX Investor Relations:
thomascookgroup.com/category/investor-relations
Company Research
Source: Reuters
Embattled travel firm Thomas Cook downgraded by Fitch, S&P - Reuters 2 Min Read LONDON, May 23 (Reuters) - Credit rating agencies Fitch and S&P have downgraded Thomas Cook after the travel firm’s latest profit warning, saying the indebted company could struggle this summer in the face of weak demand. Thomas Cook issued its third profit warning in less than a year last week, saying subdued demand had led to increased promotions and earlier discounting than usual. The profit warning led Citi to cut its price target for the stock to zero. The company has put its airline up for sale and also agreed a 300 million pound ($379 million) bank facility to provide more liquidity for the 2019/20 winter season. “The downgrade reflects the tight liquidity we expect TCG (Thomas Cook Group) to face towards the end of 2019 should it not sell its airline division or be able to draw on the planned GBP300 million senior secured facility,” Fitch said as it cut Thomas Cook’s rating to CCC+ from B. “We expe
Show less
Read more
Impact Snapshot
Event Time:
TCKGY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TCKGY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TCKGY alerts
High impacting THOMAS COOK GROUP PLC news events
Weekly update
A roundup of the hottest topics