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

Gol Linhas Aereas Inteligentes (NYSE:GOL) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

GOL has been the topic of several other reports. Buckingham Research started coverage on Gol Linhas Aereas Inteligentes in a report on Monday, November 6th. They issued a “buy” rating and a $29.00 price target on the stock. Zacks Investment Research upgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, November 22nd. Finally, Bank of America downgraded Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a report on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.33.

Shares of Gol Linhas Aereas Inteligentes (NYSE GOL) traded up $0.36 during midday trading on Wednesday, hitting $10.82. The stock had a trading volume of 522,828 shares, compared to its average volume of 347,846. The company has a debt-to-equity ratio of -1.73, a quick ratio of 0.41 and a current ratio of 0.45. Gol Linhas Aereas Inteligentes has a 12-month low of $4.13 and a 12-month high of $11.81. The stock has a market capitalization of $1,320.00, a P/E ratio of -77.29 and a beta of 2.09.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Smith Asset Management Group LP purchased a new stake in shares of Gol Linhas Aereas Inteligentes in the third quarter worth approximately $103,000. Dimensional Fund Advisors LP increased its holdings in Gol Linhas Aereas Inteligentes by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 205,108 shares of the transportation company’s stock worth $4,331,000 after purchasing an additional 9,060 shares during the period. Goldman Sachs Group Inc. increased its holdings in Gol Linhas Aereas Inteligentes by 87.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,945 shares of the transportation company’s stock worth $175,000 after purchasing an additional 9,329 shares during the period. Virtu KCG Holdings LLC increased its holdings in Gol Linhas Aereas Inteligentes by 89.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 22,285 shares of the transportation company’s stock worth $253,000 after purchasing an additional 10,515 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Gol Linhas Aereas Inteligentes by 100.0% during the 2nd quarter. Vanguard Group Inc. now owns 25,640 shares of the transportation company’s stock worth $291,000 after purchasing an additional 12,820 shares during the period. Hedge funds and other institutional investors own 0.33% 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.

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

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