Gol Linhas Aereas Inteligentes (NYSE:GOL) Downgraded to “Neutral” at Buckingham Research

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Buckingham Research lowered shares of Gol Linhas Aereas Inteligentes (NYSE:GOL) from a buy rating to a neutral rating in a research note issued to investors on Tuesday, 24/7 WallStreet reports. They currently have $19.00 price objective on the transportation company’s stock, down from their prior price objective of $27.00.

Several other equities analysts also recently commented on GOL. Goldman Sachs Group downgraded shares of Gol Linhas Aereas Inteligentes from a buy rating to a neutral rating and set a $16.80 price objective on the stock. in a report on Wednesday, July 3rd. Morgan Stanley upgraded shares of Gol Linhas Aereas Inteligentes from an equal weight rating to an overweight rating and upped their price objective for the company from $14.50 to $18.00 in a report on Monday, June 10th. ValuEngine upgraded shares of Gol Linhas Aereas Inteligentes from a buy rating to a strong-buy rating in a report on Saturday, May 4th. Finally, Zacks Investment Research downgraded shares of Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Gol Linhas Aereas Inteligentes presently has a consensus rating of Hold and an average price target of $15.56.

NYSE:GOL opened at $19.27 on Tuesday. Gol Linhas Aereas Inteligentes has a one year low of $4.43 and a one year high of $23.30. The firm has a market capitalization of $3.58 billion, a P/E ratio of -137.64 and a beta of -0.14. The company has a fifty day moving average of $20.11.

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Gol Linhas Aereas Inteligentes by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,247 shares of the transportation company’s stock worth $10,314,000 after acquiring an additional 2,589 shares during the last quarter. Bank of America Corp DE boosted its stake in Gol Linhas Aereas Inteligentes by 7.6% during the 4th quarter. Bank of America Corp DE now owns 25,950 shares of the transportation company’s stock worth $351,000 after acquiring an additional 1,828 shares during the last quarter. Jane Street Group LLC boosted its stake in Gol Linhas Aereas Inteligentes by 7.2% during the 4th quarter. Jane Street Group LLC now owns 11,594 shares of the transportation company’s stock worth $150,000 after acquiring an additional 779 shares during the last quarter. Calamos Advisors LLC bought a new position in Gol Linhas Aereas Inteligentes during the 1st quarter worth approximately $758,000. Finally, Deltec Asset Management LLC bought a new position in Gol Linhas Aereas Inteligentes during the 1st quarter worth approximately $1,788,000. Hedge funds and other institutional investors own 3.54% of the company’s stock.

About Gol Linhas Aereas Inteligentes

GOL Linhas AĆ©reas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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Analyst Recommendations for Gol Linhas Aereas Inteligentes (NYSE:GOL)

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