Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares dropped 2.1% on Wednesday . The company traded as low as $19.13 and last traded at $19.70, with a volume of 103,355 shares traded. The stock had previously closed at $20.13.

GOL has been the subject of a number of analyst reports. Deutsche Bank AG upgraded shares of Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Bank of America Corp. upgraded shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 5th. Zacks Investment Research downgraded shares of Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Credit Suisse Group AG upgraded shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.31.

The firm’s 50 day moving average is $16.65 and its 200-day moving average is $9.79. The stock’s market capitalization is $669.65 million.

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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