Gol Linhas Aereas Inteligentes SA (GOL) Trading Up 2%
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares were up 2% during trading on Wednesday . The company traded as high as $17.83 and last traded at $17.68, with a volume of 122,459 shares trading hands. The stock had previously closed at $17.34.
A number of research analysts recently commented on GOL shares. Deutsche Bank AG raised Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Bank of America Corp. raised Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research cut Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $3.45.
The firm’s market cap is $622.33 million. The stock has a 50 day moving average of $13.55 and a 200-day moving average of $8.53.
An institutional investor recently raised its position in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley boosted its position in shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 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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