Gol Linhas Aereas Inteligentes (GOL) Stock Rating Upgraded by ValuEngine

Gol Linhas Aereas Inteligentes (NYSE:GOL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other research analysts have also issued research reports about the company. BidaskClub lowered Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Gol Linhas Aereas Inteligentes presently has a consensus rating of “Buy” and an average price target of $24.33.

Shares of Gol Linhas Aereas Inteligentes (GOL) traded up $0.07 during mid-day trading on Friday, reaching $8.60. The company’s stock had a trading volume of 645,337 shares, compared to its average volume of 554,542. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of -1.73. The stock has a market cap of $1,492.10, a price-to-earnings ratio of 50.00 and a beta of 1.89. Gol Linhas Aereas Inteligentes has a 12 month low of $2.31 and a 12 month high of $9.96.

Several institutional investors have recently made changes to their positions in the company. Contrarian Capital Management L.L.C. grew its position in shares of Gol Linhas Aereas Inteligentes by 32.5% during the third quarter. Contrarian Capital Management L.L.C. now owns 2,107,821 shares of the transportation company’s stock worth $44,559,000 after buying an additional 516,887 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Gol Linhas Aereas Inteligentes by 97.8% in the second quarter. Macquarie Group Ltd. now owns 1,123,422 shares of the transportation company’s stock valued at $12,762,000 after purchasing an additional 555,586 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Gol Linhas Aereas Inteligentes by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 205,108 shares of the transportation company’s stock valued at $4,331,000 after purchasing an additional 9,060 shares in the last quarter. Capital Growth Management LP acquired a new position in Gol Linhas Aereas Inteligentes in the third quarter valued at approximately $4,228,000. Finally, TCW Group Inc. acquired a new position in Gol Linhas Aereas Inteligentes in the third quarter valued at approximately $2,400,000. 0.05% of the stock is owned by institutional investors and hedge funds.

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About Gol Linhas Aereas Inteligentes

Gol Linhas Aereas Inteligentes SA is a Brazil-based airline company. The Company focuses on carrying passengers to over 60 destinations, approximately 50 in Brazil and 10 in South America and the Caribbean. The Company’s fleet includes approximately 120 Boeing 737 aircrafts. The Company operates through two segments: Air transportation and Loyalty program.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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