Gol Linhas Aereas Inteligentes SA (GOL) Shares Gap Up to $15.96
Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) gapped up before the market opened on Wednesday . The stock had previously closed at $15.85, but opened at $15.96. Gol Linhas Aereas Inteligentes SA shares last traded at $16.50, with a volume of 262,369 shares.
A number of analysts have recently commented on the company. Deutsche Bank AG upgraded Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded Gol Linhas Aereas Inteligentes SA from an “underweight” rating to a “neutral” rating in a research report on Monday, March 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.45.
The stock’s 50-day moving average is $9.80 and its 200 day moving average is $7.24. The company’s market cap is $582.23 million.
A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley increased its stake in shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent disclosure 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 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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