Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares rose 3.5% during mid-day trading on Monday . The company traded as high as $19.72 and last traded at $19.55, with a volume of 157,478 shares trading hands. The stock had previously closed at $18.89.

GOL has been the subject of a number of recent analyst reports. Deutsche Bank AG upgraded Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Zacks Investment Research cut Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Credit Suisse Group AG raised Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 26th. Finally, Bank of America Corp. raised Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $3.31.

The firm’s market cap is $681.77 million. The firm’s 50 day moving average is $17.41 and its 200-day moving average is $10.18.

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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