Gol Linhas Aéreas Inteligentes (NYSE:GOL) Trading 8.5% Higher

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating) traded up 8.5% during mid-day trading on Thursday . The company traded as high as $3.70 and last traded at $3.69. 50,971 shares traded hands during trading, a decline of 97% from the average session volume of 1,987,358 shares. The stock had previously closed at $3.40.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Seaport Res Ptn raised Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Gol Linhas Aéreas Inteligentes from $10.00 to $6.00 in a research note on Tuesday, July 19th. Barclays lowered Gol Linhas Aéreas Inteligentes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $9.00 to $4.00 in a research note on Wednesday, July 6th. Finally, The Goldman Sachs Group reduced their price objective on Gol Linhas Aéreas Inteligentes from $8.05 to $4.95 and set a “buy” rating for the company in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.76.

Gol Linhas Aéreas Inteligentes Stock Up 2.1 %

The stock has a fifty day moving average price of $3.83 and a 200-day moving average price of $5.53.

Institutional Trading of Gol Linhas Aéreas Inteligentes

Hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in shares of Gol Linhas Aéreas Inteligentes by 3.8% during the first quarter. State Street Corp now owns 64,556 shares of the transportation company’s stock worth $465,000 after acquiring an additional 2,340 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Gol Linhas Aéreas Inteligentes by 3.1% during the first quarter. HighTower Advisors LLC now owns 85,750 shares of the transportation company’s stock worth $618,000 after acquiring an additional 2,550 shares in the last quarter. Verde Servicos Internacionais S.A. increased its position in Gol Linhas Aéreas Inteligentes by 1.2% during the first quarter. Verde Servicos Internacionais S.A. now owns 240,800 shares of the transportation company’s stock worth $1,734,000 after buying an additional 2,831 shares during the last quarter. Royal Bank of Canada increased its position in Gol Linhas Aéreas Inteligentes by 42.4% during the first quarter. Royal Bank of Canada now owns 20,410 shares of the transportation company’s stock worth $147,000 after buying an additional 6,076 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Gol Linhas Aéreas Inteligentes by 1.3% during the first quarter. Vanguard Group Inc. now owns 698,744 shares of the transportation company’s stock worth $5,031,000 after buying an additional 8,670 shares during the last quarter. Hedge funds and other institutional investors own 1.81% of the company’s stock.

Gol Linhas Aéreas Inteligentes Company Profile

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GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

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