Gol Linhas Aereas Inteligentes SA (GOL) Shares Down 6.3%
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) was down 6.3% during trading on Tuesday . The stock traded as low as $15.22 and last traded at $15.44, with a volume of 160,491 shares traded. The stock had previously closed at $16.48.
Several equities research analysts recently commented on GOL shares. Deutsche Bank AG upgraded Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Zacks Investment Research downgraded Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Gol Linhas Aereas Inteligentes SA has an average rating of “Hold” and an average price target of $3.45.
The stock’s market cap is $625.13 million. The stock has a 50-day moving average of $12.40 and a 200 day moving average of $8.11.
An institutional investor recently raised its position in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley increased its position in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent Form 13F filing with the 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 filing with the SEC.
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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