Gol Linhas Aereas Inteligentes SA (GOL) Stock Price Down 5.6%
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares dropped 5.6% during mid-day trading on Wednesday . The stock traded as low as $19.19 and last traded at $19.26, with a volume of 166,587 shares trading hands. The stock had previously closed at $20.40.
GOL has been the topic of several recent research reports. Deutsche Bank AG lowered shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Zacks Investment Research lowered shares of Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Bank of America Corp. raised shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3.45.
The firm has a 50-day moving average of $14.93 and a 200-day moving average of $9.11. The stock’s market cap is $689.06 million.
An institutional investor recently raised its position in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley raised its stake 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 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 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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