Gol Linhas Aereas Inteligentes SA (NYSE:GOL) was up 5% during mid-day trading on Wednesday . The company traded as high as $19.30 and last traded at $18.80, with a volume of 185,284 shares traded. The stock had previously closed at $17.91.

A number of equities research analysts recently issued reports on GOL shares. Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Deutsche Bank AG upgraded shares of Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Bank of America Corp. upgraded shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 5th. Credit Suisse Group AG upgraded shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 26th. Finally, Morgan Stanley upgraded shares of Gol Linhas Aereas Inteligentes SA from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $4.90 to $23.00 in a research report on Thursday, September 8th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.88.

The firm’s market cap is $660.19 million. The stock’s 50-day moving average is $19.42 and its 200 day moving average is $11.66.

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An institutional investor recently bought a new position in Gol Linhas Aereas Inteligentes SA stock. Contrarian Capital Management L.L.C. bought a new position in shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 190,550 shares of the company’s stock, valued at approximately $2,018,000. Gol Linhas Aereas Inteligentes SA comprises about 1.4% of Contrarian Capital Management L.L.C.’s portfolio, making the stock its 14th largest position. Contrarian Capital Management L.L.C. owned 0.55% of Gol Linhas Aereas Inteligentes SA as of its most recent filing with the SEC. Institutional investors own 0.19% of the company’s stock.

Gol Linhas Aereas Inteligentes SA Company Profile

Gol Linhas Aereas Inteligentes SA (Gol) is a Brazil-based holding company primarily engaged in the passenger air transportation sector. Through its subsidiaries, such as VRG Linhas Aereas SA, GAC Inc and Gol Finance, the Company is involved in the provision of scheduled and non-scheduled passenger air transportation services, as well as cargo and mail bags freight air transportation.

5 Day Chart for NYSE:GOL

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