Gol Linhas Aereas Inteligentes SA (GOL) Trading 4% Higher
Shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) traded up 4% on Tuesday . The company 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.
A number of analysts have recently weighed in on the stock. Bank of America Corp. upgraded shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research note on Friday, August 5th. 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. Finally, Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.45.
The firm’s market capitalization is $689.06 million. The stock’s 50-day moving average price is $15.18 and its 200 day moving average price is $9.19.
A hedge fund recently raised its stake 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 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 0.58% of Gol Linhas Aereas Inteligentes SA worth $1,145,000 at the end of the most recent quarter.
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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