Gol Linhas Aereas Inteligentes SA (GOL) Trading Up 7.1%
Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shot up 7.1% on Thursday . The stock traded as high as $18.11 and last traded at $17.61, with a volume of 232,206 shares. The stock had previously closed at $16.44.
Several brokerages have weighed in on GOL. Deutsche Bank AG upgraded shares of Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Zacks Investment Research cut shares of 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’s stock. Gol Linhas Aereas Inteligentes SA presently has an average rating of “Hold” and an average target price of $3.45.
The company’s market cap is $611.61 million. The stock’s 50 day moving average is $12.40 and its 200 day moving average is $8.11.
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 Form 13F filing 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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