Gol Linhas Aereas Inteligentes (GOL) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a sell rating to a hold rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently issued reports on GOL. BidaskClub cut shares of Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a report on Tuesday, August 15th. Zacks Investment Research lowered shares of Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $24.33.

Shares of Gol Linhas Aereas Inteligentes (NYSE GOL) traded up $0.07 during mid-day trading on Friday, hitting $8.60. 645,300 shares of the stock were exchanged, compared to its average volume of 794,837. The company has a debt-to-equity ratio of -1.73, a quick ratio of 0.41 and a current ratio of 0.45. The company has a market cap of $1,492.10, a PE ratio of 50.00 and a beta of 1.88. Gol Linhas Aereas Inteligentes has a 12 month low of $2.31 and a 12 month high of $9.96.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new position in Gol Linhas Aereas Inteligentes in the 1st quarter valued at about $233,000. Dimensional Fund Advisors LP grew its stake in Gol Linhas Aereas Inteligentes by 67.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,000 shares of the transportation company’s stock valued at $1,403,000 after buying an additional 21,284 shares during the last quarter. Virtu KCG Holdings LLC grew its stake in Gol Linhas Aereas Inteligentes by 89.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 22,285 shares of the transportation company’s stock valued at $253,000 after buying an additional 10,515 shares during the last quarter. Bank of America Corp DE grew its stake in Gol Linhas Aereas Inteligentes by 6.9% in the 1st quarter. Bank of America Corp DE now owns 13,973 shares of the transportation company’s stock valued at $370,000 after buying an additional 901 shares during the last quarter. Finally, TCW Group Inc. acquired a new position in Gol Linhas Aereas Inteligentes in the 3rd quarter valued at about $2,400,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

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Gol Linhas Aereas Inteligentes Company Profile

Gol Linhas Aereas Inteligentes SA is a Brazil-based airline company. The Company focuses on carrying passengers to over 60 destinations, approximately 50 in Brazil and 10 in South America and the Caribbean. The Company’s fleet includes approximately 120 Boeing 737 aircrafts. The Company operates through two segments: Air transportation and Loyalty program.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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