Gol Linhas Aereas Inteligentes SA (NYSE:GOL) traded down 3.7% on Monday . The company traded as low as $17.00 and last traded at $17.01, with a volume of 92,036 shares changing hands. The stock had previously closed at $17.66.

A number of equities research analysts have recently weighed in on the company. Bank of America Corp. raised Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research note on Friday. 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Gol Linhas Aereas Inteligentes SA presently has an average rating of “Hold” and a consensus target price of $3.45.

The company’s 50-day moving average price is $13.01 and its 200-day moving average price is $8.24. The firm’s market capitalization is $590.52 million.

An institutional investor recently raised its position 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 (SEC). The fund 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 reporting period.

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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