Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shot up 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 changing hands. The stock had previously closed at $10.07.

A number of brokerages have weighed in on GOL. Deutsche Bank AG downgraded shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Zacks Investment Research raised shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, March 29th. 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 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 currently has a consensus rating of “Hold” and a consensus price target of $3.45.

The company’s 50 day moving average price is $8.42 and its 200-day moving average price is $6.85. The stock’s market capitalization is $436.32 million.

A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley increased its position in shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

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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