Gol Linhas Aereas Inteligentes SA (GOL) Stock Price Up 7.1%
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) rose 7.1% during mid-day trading 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.
GOL has been the topic of several analyst reports. 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. Finally, Bank of America Corp. upgraded Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.45.
The company has a 50-day moving average price of $13.01 and a 200 day moving average price of $8.24. The company’s market capitalization is $610.58 million.
A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley raised 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 disclosure with the Securities and Exchange Commission. 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 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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