Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) fell 3.8% during trading on Monday . The stock traded as low as $16.05 and last traded at $16.27, with a volume of 164,680 shares trading hands. The stock had previously closed at $16.92.

GOL has been the topic of a number of recent analyst reports. Deutsche Bank AG raised Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, JPMorgan Chase & Co. raised Gol Linhas Aereas Inteligentes SA from an “underweight” rating to a “neutral” rating in a research note on Monday, March 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.45.

The stock’s market cap is $568.40 million. The stock’s 50-day moving average is $10.69 and its 200 day moving average is $7.51.

A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley boosted its position in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent disclosure 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 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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