Zacks Investment Research lowered shares of Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) from a buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “Shares of GOL Linhas have outperformed its industry in the last six months. The company is benefitting from the improvement in the Latin American economy. The carrier's view for full-year 2017 is impressive. The carrier's efforts to reduce debt levels are also encouraging. GOL Linhas has been undergoing a thorough restructuring process to revive itself. We expect the company’s focus on capacity discipline to result in improvement in yields, going forward. However, increasing expenses on aircraft fuel continue to limit bottom-line growth. Soft international traffic is another challenge for the company to overcome. The decrease in July load factor also raises concerns. Moreover, GOL is highly dependent on the products of certain big suppliers.”

Several other research firms have also weighed in on GOL. ValuEngine lowered shares of Gol Linhas Aereas Inteligentes from a buy rating to a hold rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Gol Linhas Aereas Inteligentes from a hold rating to a buy rating in a report on Wednesday, August 9th. Citigroup Inc. lowered shares of Gol Linhas Aereas Inteligentes from a neutral rating to a sell rating in a report on Thursday, May 18th. Finally, Bank of America Corporation upgraded shares of Gol Linhas Aereas Inteligentes from a neutral rating to a buy rating and set a $20.00 target price on the stock in a report on Wednesday, July 5th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Gol Linhas Aereas Inteligentes currently has an average rating of Buy and a consensus price target of $21.83.

Shares of Gol Linhas Aereas Inteligentes (GOL) opened at 20.31 on Tuesday. Gol Linhas Aereas Inteligentes has a 52-week low of $5.77 and a 52-week high of $20.96. The company has a 50-day moving average of $16.32 and a 200-day moving average of $14.47. The stock’s market capitalization is $1.41 billion.

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Several institutional investors have recently added to or reduced their stakes in GOL. Macquarie Group Ltd. raised its stake in shares of Gol Linhas Aereas Inteligentes by 97.8% in the 2nd quarter. Macquarie Group Ltd. now owns 1,123,422 shares of the transportation company’s stock valued at $12,762,000 after acquiring an additional 555,586 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Gol Linhas Aereas Inteligentes by 269.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 196,048 shares of the transportation company’s stock valued at $2,227,000 after acquiring an additional 143,048 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of Gol Linhas Aereas Inteligentes by 342.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 55,175 shares of the transportation company’s stock valued at $627,000 after acquiring an additional 42,700 shares during the period. Van ECK Associates Corp raised its stake in shares of Gol Linhas Aereas Inteligentes by 94.0% in the 2nd quarter. Van ECK Associates Corp now owns 57,974 shares of the transportation company’s stock valued at $659,000 after acquiring an additional 28,084 shares during the period. Finally, IFP Advisors Inc purchased a new stake in shares of Gol Linhas Aereas Inteligentes in the 2nd quarter valued at approximately $227,000. 0.04% of the stock is currently owned by institutional investors and hedge funds.

About Gol Linhas Aereas Inteligentes

Gol Linhas Aereas Inteligentes SA (GOL) is an airline company. The Company is engaged in providing mobile geolocation services to its passengers and designing a Website featuring accessibility resources to assist people with visual and motor impairments. The Company operates through two segments: Air transportation and Loyalty program.

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

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