Gol Linhas Aereas Inteligentes SA (NYSE:GOL)’s share price rose 6.6% during mid-day trading on Monday . The stock traded as high as $16.28 and last traded at $15.92, with a volume of 337,408 shares changing hands. The stock had previously closed at $14.93.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Gol Linhas Aereas Inteligentes SA from an “underweight” rating to a “neutral” rating in a report on Monday, March 28th. Zacks Investment Research raised Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Tuesday, March 29th. 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 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. Gol Linhas Aereas Inteligentes SA has a consensus rating of “Hold” and an average target price of $3.45.

The company has a 50-day moving average of $9.50 and a 200 day moving average of $7.17. The company’s market cap is $551.80 million.

A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission. 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 approximately 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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