Gol Linhas Aereas Inteligentes SA (GOL) Shares Up 4%
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares shot up 4% on Tuesday . The stock traded as high as $20.75 and last traded at $20.42, with a volume of 286,709 shares. The stock had previously closed at $19.63.
Several research firms have weighed in on GOL. Deutsche Bank AG downgraded shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of 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 shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.45.
The stock’s market capitalization is $709.11 million. The company’s 50 day moving average is $14.62 and its 200 day moving average is $9.00.
An institutional investor recently raised its position 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 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 about 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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