Gol Linhas Aereas Inteligentes SA (NYSE:GOL) fell 8.6% during trading on Tuesday . The stock traded as low as $9.51 and last traded at $9.68, with a volume of 139,774 shares. The stock had previously closed at $10.59.

Several research firms have recently commented on GOL. Zacks Investment Research upgraded shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, March 29th. Deutsche Bank AG cut shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. raised shares of Gol Linhas Aereas Inteligentes SA from an “underweight” rating to a “neutral” rating in a report on Monday, March 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.45.

The firm’s market capitalization is $349.20 million. The stock’s 50 day moving average is $8.05 and its 200 day moving average is $6.72.

A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley boosted its stake in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,998,873 shares of the company’s stock after buying an additional 1,817,633 shares during the period. Morgan Stanley owned 0.58% of Gol Linhas Aereas Inteligentes SA worth $1,145,000 at the end of the most recent reporting period.

Gol Linhas Aereas Inteligentes SA (Gol) is a Brazil-based holding company primarily engaged in the passenger air transportation sector. Through its subsidiaries, such as VRG Linhas Aereas SA, GAC Inc and Gol Finance, the Company is involved in the provision of scheduled and non-scheduled passenger air transportation services, as well as cargo and mail bags freight air transportation.

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