Gol Linhas Aereas Inteligentes (NYSE:GOL) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Thursday, The Fly reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, September 20th. Buckingham Research initiated coverage on Gol Linhas Aereas Inteligentes in a research report on Monday, November 6th. They issued a “buy” rating and a $29.00 price target for the company. Finally, ValuEngine cut Gol Linhas Aereas Inteligentes from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.33.

Gol Linhas Aereas Inteligentes (NYSE:GOL) opened at $9.42 on Thursday. The firm has a market capitalization of $1,190.00, a price-to-earnings ratio of 188.40 and a beta of 1.91. Gol Linhas Aereas Inteligentes has a 52-week low of $3.11 and a 52-week high of $9.96. The company has a debt-to-equity ratio of -1.73, a current ratio of 0.45 and a quick ratio of 0.41.

Several hedge funds and other institutional investors have recently made changes to their positions in GOL. Smith Asset Management Group LP purchased a new position in shares of Gol Linhas Aereas Inteligentes in the third quarter valued at $103,000. Virtu KCG Holdings LLC grew its position in shares of 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 valued at $253,000 after purchasing an additional 10,515 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Gol Linhas Aereas Inteligentes by 163.8% in the second quarter. Goldman Sachs Group Inc. now owns 23,184 shares of the transportation company’s stock valued at $263,000 after purchasing an additional 14,396 shares in the last quarter. Vanguard Group Inc. boosted its stake in Gol Linhas Aereas Inteligentes by 100.0% during the second quarter. Vanguard Group Inc. now owns 25,640 shares of the transportation company’s stock valued at $291,000 after buying an additional 12,820 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Gol Linhas Aereas Inteligentes during the third quarter valued at $303,000. Institutional investors own 0.31% of the company’s stock.

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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.

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