Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Shares of GOL Linhas have outperformed its industry in the last six months. Ushering in further good news, the company reported better-than-expected results in the second quarter of 2017. Moreover, the top line improved significantly year over year. The carrier's view for full-year 2017 is also encouraging. An improving Latin American economy is also aiding GOL Linhas. We expect the company’s focus on capacity discipline to result in increasing yields, going forward. However, the carrier's earnings per share declined significantly in the second quarter due to higher expenses on aircraft fuel. Moreover, total volume of departures fell 5.1%, while total number of seats available declined 4.1% in the quarter. GOL is also highly dependent on the products of certain big suppliers and operates in a competitive Latin American airline space.”

A number of other analysts have also recently commented on GOL. Citigroup Inc. raised shares of Gol Linhas Aereas Inteligentes from a “sell” rating to a “neutral” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Bank of America Corporation cut shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Finally, ValuEngine raised shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Gol Linhas Aereas Inteligentes has a consensus rating of “Buy” and a consensus target price of $21.13.

Shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) opened at 17.60 on Tuesday. Gol Linhas Aereas Inteligentes has a one year low of $5.77 and a one year high of $17.96. The firm’s market cap is $1.22 billion. The stock has a 50 day moving average price of $15.01 and a 200 day moving average price of $13.96.

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A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Gol Linhas Aereas Inteligentes during the first quarter worth approximately $110,000. Goldman Sachs Group Inc. bought a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $233,000. KCG Holdings Inc. bought a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $312,000. Pinnacle Associates Ltd. bought a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $331,000. Finally, Bank of America Corp DE boosted its position in Gol Linhas Aereas Inteligentes by 6.9% in the first quarter. Bank of America Corp DE now owns 13,973 shares of the transportation company’s stock worth $370,000 after buying an additional 901 shares during the period. 0.04% of the stock is currently owned by institutional investors and hedge funds.

About Gol Linhas Aereas Inteligentes

Gol Linhas Aereas Inteligentes SA (GOL) is an airline company. The Company is engaged in providing mobile geolocation services to its passengers and designing a Website featuring accessibility resources to assist people with visual and motor impairments. The Company operates through two segments: Air transportation and Loyalty program.

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

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