Gol Linhas Aereas Inteligentes SA (GOL) Shares Down 6.3%
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares fell 6.3% during trading on Tuesday . The company traded as low as $15.22 and last traded at $15.44, with a volume of 160,491 shares trading hands. The stock had previously closed at $16.48.
Several research analysts have recently issued reports 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, July 20th. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Gol Linhas Aereas Inteligentes SA currently has a consensus rating of “Hold” and a consensus target price of $3.45.
The stock’s market capitalization is $550.76 million. The company’s 50 day moving average is $11.88 and its 200-day moving average is $7.95.
An institutional investor recently raised its position in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley increased 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 firm owned 1,998,873 shares of the company’s stock after buying an additional 1,817,633 shares during the period. Morgan Stanley owned about 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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