Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) rose 5.7% on Monday . The company traded as high as $10.80 and last traded at $10.64, with a volume of 154,680 shares trading hands. The stock had previously closed at $10.07.

GOL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, March 29th. JPMorgan Chase & Co. upgraded Gol Linhas Aereas Inteligentes SA from an “underweight” rating to a “neutral” rating in a report on Monday, March 28th. Finally, Deutsche Bank AG downgraded Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $3.45.

The stock has a 50-day moving average price of $8.18 and a 200-day moving average price of $6.76. The stock’s market capitalization is $363.37 million.

A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley boosted its position in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 0.58% of Gol Linhas Aereas Inteligentes SA worth $1,145,000 at the end of the most recent quarter.

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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