Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $19.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.63% from the company’s previous close.

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 brokerages also recently commented on GOL. BidaskClub upgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America Corporation downgraded shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th. Citigroup Inc. downgraded shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “sell” rating in a research note on Thursday, May 18th. Finally, ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.13.

Shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) traded up 2.00% during midday trading on Monday, hitting $17.36. The company had a trading volume of 135,159 shares. Gol Linhas Aereas Inteligentes has a 52 week low of $5.77 and a 52 week high of $17.96. The company’s market capitalization is $1.20 billion. The firm’s 50 day moving average is $15.01 and its 200 day moving average is $13.96.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Upgrades Gol Linhas Aereas Inteligentes S.A. (GOL) to Buy” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/zacks-investment-research-upgrades-gol-linhas-aereas-inteligentes-s-a-gol-to-buy/1528274.html.

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $110,000. Fox Run Management L.L.C. acquired a new position in Gol Linhas Aereas Inteligentes during the second quarter worth about $194,000. IFP Advisors Inc acquired a new position in Gol Linhas Aereas Inteligentes during the second quarter worth about $227,000. Goldman Sachs Group Inc. acquired a new position in Gol Linhas Aereas Inteligentes during the first quarter worth about $233,000. Finally, Virtu KCG Holdings LLC increased its position in Gol Linhas Aereas Inteligentes by 89.3% in the second quarter. Virtu KCG Holdings LLC now owns 22,285 shares of the transportation company’s stock worth $253,000 after buying an additional 10,515 shares in the last quarter. Hedge funds and other institutional investors own 0.04% 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.

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

Receive News & Ratings for Gol Linhas Aereas Inteligentes S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gol Linhas Aereas Inteligentes S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.