ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a hold rating to a buy rating in a research note released on Wednesday.

GOL has been the subject of a number of other reports. Zacks Investment Research downgraded Gol Linhas Aereas Inteligentes from a hold rating to a sell rating in a research report on Tuesday, July 17th. HSBC upgraded Gol Linhas Aereas Inteligentes from a hold rating to a buy rating in a research report on Tuesday. Citigroup upgraded Gol Linhas Aereas Inteligentes from a neutral rating to a buy rating and set a $10.00 target price for the company in a research report on Wednesday, July 25th. Finally, Goldman Sachs Group assumed coverage on Gol Linhas Aereas Inteligentes in a research report on Monday, July 16th. They set a neutral rating and a $6.02 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Gol Linhas Aereas Inteligentes currently has a consensus rating of Buy and a consensus target price of $8.63.

GOL stock opened at $8.72 on Wednesday. Gol Linhas Aereas Inteligentes has a 1-year low of $4.43 and a 1-year high of $14.48. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of -1.54. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 32.30 and a beta of 1.84.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last posted its quarterly earnings results on Thursday, August 2nd. The transportation company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.18). Gol Linhas Aereas Inteligentes had a negative return on equity of 12.57% and a negative net margin of 6.53%. The business had revenue of $656.02 million during the quarter. On average, sell-side analysts expect that Gol Linhas Aereas Inteligentes will post 0.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of GOL. Dimensional Fund Advisors LP boosted its position in shares of Gol Linhas Aereas Inteligentes by 6.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 572,816 shares of the transportation company’s stock valued at $7,441,000 after acquiring an additional 36,275 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Gol Linhas Aereas Inteligentes during the 1st quarter valued at approximately $794,000. A.R.T. Advisors LLC bought a new position in shares of Gol Linhas Aereas Inteligentes during the 1st quarter valued at approximately $226,000. Millennium Management LLC boosted its position in shares of Gol Linhas Aereas Inteligentes by 138.3% during the 1st quarter. Millennium Management LLC now owns 610,939 shares of the transportation company’s stock valued at $7,936,000 after acquiring an additional 354,588 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in Gol Linhas Aereas Inteligentes during the 1st quarter valued at $538,000. Hedge funds and other institutional investors own 0.58% of the company’s stock.

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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Analyst Recommendations for Gol Linhas Aereas Inteligentes (NYSE:GOL)

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