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

GOL has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Citigroup upgraded shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Wednesday, July 25th. Goldman Sachs Group began coverage on shares of Gol Linhas Aereas Inteligentes in a research report on Monday, July 16th. They set a “neutral” rating and a $6.02 price objective for the company. Finally, Buckingham Research reduced their price objective on shares of Gol Linhas Aereas Inteligentes from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.26.

NYSE GOL traded down $0.61 during mid-day trading on Tuesday, reaching $4.91. 996,700 shares of the stock were exchanged, compared to its average volume of 564,077. Gol Linhas Aereas Inteligentes has a 1 year low of $4.88 and a 1 year high of $14.48. The company has a market capitalization of $957.72 million, a PE ratio of 18.19 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 announced its quarterly earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share (EPS) 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 firm had revenue of $656.02 million for the quarter. equities analysts expect that Gol Linhas Aereas Inteligentes will post 0.18 EPS for the current year.

A number of large investors have recently bought and sold shares of GOL. Millennium Management LLC raised its position in shares of Gol Linhas Aereas Inteligentes by 138.3% in the first quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock valued at $7,936,000 after buying an additional 354,588 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Gol Linhas Aereas Inteligentes by 7.2% in the second quarter. Renaissance Technologies LLC now owns 3,366,798 shares of the transportation company’s stock valued at $17,979,000 after buying an additional 225,043 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gol Linhas Aereas Inteligentes by 32.2% in the second quarter. Dimensional Fund Advisors LP now owns 757,258 shares of the transportation company’s stock valued at $4,049,000 after buying an additional 184,442 shares during the last quarter. Contrarian Capital Management L.L.C. raised its position in shares of Gol Linhas Aereas Inteligentes by 2.5% in the first quarter. Contrarian Capital Management L.L.C. now owns 5,946,239 shares of the transportation company’s stock valued at $77,242,000 after buying an additional 143,784 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in shares of 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 purchasing an additional 69,600 shares during the period. Institutional investors own 0.58% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

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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