Gol Linhas Aéreas Inteligentes (NYSE:GOL) Raised to “Buy” at Seaport Res Ptn

Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) was upgraded by investment analysts at Seaport Res Ptn from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports.

GOL has been the topic of a number of other reports. StockNews.com upgraded shares of Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Barclays boosted their price target on shares of Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.46.

Gol Linhas Aéreas Inteligentes stock opened at $5.96 on Tuesday. The firm has a 50-day moving average price of $6.61 and a two-hundred day moving average price of $6.40. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -0.87 and a beta of 0.85. Gol Linhas Aéreas Inteligentes has a 52-week low of $4.78 and a 52-week high of $11.43.

Several large investors have recently made changes to their positions in GOL. Cubist Systematic Strategies LLC increased its stake in shares of Gol Linhas Aéreas Inteligentes by 2,556.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 6,881 shares of the transportation company’s stock worth $42,000 after purchasing an additional 6,622 shares during the period. Trexquant Investment LP bought a new position in shares of Gol Linhas Aéreas Inteligentes in the third quarter worth about $84,000. GSA Capital Partners LLP bought a new position in shares of Gol Linhas Aéreas Inteligentes in the third quarter worth about $128,000. UBS Group AG increased its stake in shares of Gol Linhas Aéreas Inteligentes by 64.2% in the third quarter. UBS Group AG now owns 17,232 shares of the transportation company’s stock worth $131,000 after purchasing an additional 6,737 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Gol Linhas Aéreas Inteligentes by 73.9% in the fourth quarter. Raymond James & Associates now owns 21,098 shares of the transportation company’s stock worth $128,000 after purchasing an additional 8,965 shares during the period. 2.27% of the stock is owned by institutional investors.

Gol Linhas Aéreas Inteligentes Company Profile (Get Rating)

GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

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