Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares were up 6.6% during trading on Monday . The stock traded as high as $16.28 and last traded at $15.92, with a volume of 337,408 shares traded. The stock had previously closed at $14.93.

Several analysts have issued reports on GOL shares. JPMorgan Chase & Co. raised shares of Gol Linhas Aereas Inteligentes SA from an “underweight” rating to a “neutral” rating in a research note on Monday, March 28th. 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 objective for the company in a research note on Tuesday, March 29th. Finally, Deutsche Bank AG downgraded shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $3.45.

The firm’s 50 day moving average is $9.04 and its 200-day moving average is $7.01. The company’s market capitalization is $549.73 million.

An institutional investor recently raised its position in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley increased its stake in 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 Securities and Exchange Commission. 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 approximately 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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