Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares traded down 3% on Tuesday . The stock traded as low as $15.39 and last traded at $15.56, with a volume of 176,783 shares changing hands. The stock had previously closed at $16.04.

Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a report on Monday. 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.45.

The company’s market cap is $551.80 million. The firm’s 50 day moving average price is $9.31 and its 200 day moving average price is $7.11.

An institutional investor recently raised its position in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley boosted 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.