Gol Linhas Aéreas Inteligentes (NYSE:GOL) Rating Lowered to Hold at StockNews.com

Gol Linhas Aéreas Inteligentes (NYSE:GOL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other equities analysts have also weighed in on the stock. Citigroup lowered shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “neutral” rating and set a $4.20 price objective on the stock. in a report on Tuesday, August 15th. Seaport Res Ptn lowered shares of Gol Linhas Aéreas Inteligentes from a “buy” rating to a “neutral” rating in a report on Tuesday, November 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of Gol Linhas Aéreas Inteligentes from $3.10 to $2.65 and set a “neutral” rating on the stock in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.34.

Gol Linhas Aéreas Inteligentes Stock Performance

GOL stock opened at $3.49 on Friday. The company has a fifty day moving average price of $2.88 and a 200-day moving average price of $3.47. The company has a market capitalization of $873.34 million, a P/E ratio of 49.86 and a beta of 1.73. Gol Linhas Aéreas Inteligentes has a 52-week low of $2.00 and a 52-week high of $5.59.

Hedge Funds Weigh In On Gol Linhas Aéreas Inteligentes

Large investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Gol Linhas Aéreas Inteligentes during the second quarter valued at approximately $47,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the second quarter worth $57,000. AE Wealth Management LLC purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the second quarter worth $60,000. American Century Companies Inc. purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the first quarter worth $87,000. Finally, Creative Planning purchased a new position in shares of Gol Linhas Aéreas Inteligentes in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 0.29% of the company’s stock.

Gol Linhas Aéreas Inteligentes Company Profile

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 and internationally. The company offers Smiles, a frequent-flyer programs to approximately 20.5 million members, allowing clients to accumulate and redeem miles.