Gol Linhas Aereas Inteligentes (NYSE:GOL) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Sunday.

GOL has been the topic of a number of other research reports. Goldman Sachs Group assumed coverage on Gol Linhas Aereas Inteligentes in a research note on Monday, July 16th. They set a “neutral” rating and a $6.02 price target on the stock. Zacks Investment Research downgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Buckingham Research decreased their target price on Gol Linhas Aereas Inteligentes from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 13th. Finally, Citigroup raised Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $7.88.

Shares of GOL stock opened at $5.28 on Friday. Gol Linhas Aereas Inteligentes has a fifty-two week low of $4.43 and a fifty-two week high of $14.48. The stock has a market cap of $982.01 million, a PE ratio of 19.56 and a beta of 1.98. The company has a debt-to-equity ratio of -1.54, a quick ratio of 0.45 and a current ratio of 0.48.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last issued its quarterly earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.18). Gol Linhas Aereas Inteligentes had a negative return on equity of 4.28% and a negative net margin of 6.53%. The business had revenue of $656.02 million for the quarter. sell-side analysts predict that Gol Linhas Aereas Inteligentes will post 0.18 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in GOL. Millennium Management LLC lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 138.3% during the first quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock worth $7,936,000 after purchasing an additional 354,588 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 7.2% during the second quarter. Renaissance Technologies LLC now owns 3,366,798 shares of the transportation company’s stock worth $17,979,000 after purchasing an additional 225,043 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 32.2% during the second quarter. Dimensional Fund Advisors LP now owns 757,258 shares of the transportation company’s stock worth $4,049,000 after purchasing an additional 184,442 shares during the period. Contrarian Capital Management L.L.C. lifted its holdings in shares of Gol Linhas Aereas Inteligentes by 2.5% during the first quarter. Contrarian Capital Management L.L.C. now owns 5,946,239 shares of the transportation company’s stock worth $77,242,000 after purchasing an additional 143,784 shares during the period. Finally, TCW Group Inc. lifted its holdings in Gol Linhas Aereas Inteligentes by 45.1% in the first quarter. TCW Group Inc. now owns 223,850 shares of the transportation company’s stock valued at $2,907,000 after acquiring an additional 69,600 shares during the period. 0.58% of the stock is owned by hedge funds and other institutional investors.

About Gol Linhas Aereas Inteligentes

GOL Linhas AĆ©reas Inteligentes SA provides scheduled air transportation services for passengers cargoes, and mailbags in Brazil and Latin America. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers logistics services. In addition, the company offers Smiles loyalty programs with approximately 13.7 million members, allowing clients to accumulate and redeem miles.

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