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 Wednesday.

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. Moreover, we are positive on the steps taken by the carrier to overcome its struggles. In fact, the company's efforts to modernize its fleet are also impressive. However, GOL is highly dependent on the products of certain big suppliers and operates in a competitive Latin American airline space.”

Other analysts have also recently issued research reports about the company. BidaskClub cut Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Bank of America Corporation raised Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, July 5th. ValuEngine raised Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Finally, Citigroup Inc. raised Gol Linhas Aereas Inteligentes from a “sell” rating to a “neutral” rating in a report on Wednesday, July 5th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.63.

Gol Linhas Aereas Inteligentes (NYSE GOL) traded up 0.13% on Wednesday, reaching $15.56. The company’s stock had a trading volume of 70,048 shares. The stock’s 50 day moving average price is $14.13 and its 200 day moving average price is $13.67. Gol Linhas Aereas Inteligentes has a 52-week low of $5.77 and a 52-week high of $17.96. The firm’s market cap is $1.08 billion.

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Several institutional investors have recently made changes to their positions in GOL. SG Americas Securities LLC purchased a new position in shares of Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $110,000. Goldman Sachs Group Inc. purchased a new position in shares of Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $233,000. KCG Holdings Inc. purchased a new position in shares of Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $312,000. Pinnacle Associates Ltd. purchased a new position in shares of Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $331,000. Finally, Bank of America Corp DE raised its position in shares of 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 valued at $370,000 after buying an additional 901 shares during the period. Hedge funds and other institutional investors own 0.09% of the company’s stock.

Gol Linhas Aereas Inteligentes Company Profile

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.

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

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