Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes S.A. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Buckingham Research started coverage on Gol Linhas Aereas Inteligentes S.A. in a report on Monday, November 6th. They set a “buy” rating and a $29.00 target price on the stock. Finally, BidaskClub raised Gol Linhas Aereas Inteligentes S.A. from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $24.33.

Gol Linhas Aereas Inteligentes S.A. (NYSE GOL) opened at $8.83 on Friday. The firm has a market capitalization of $23,441.93, a P/E ratio of 111.88 and a beta of 1.91. Gol Linhas Aereas Inteligentes S.A. has a 1 year low of $2.31 and a 1 year high of $9.96. The company has a debt-to-equity ratio of -1.73, a quick ratio of 0.41 and a current ratio of 0.45.

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Gol Linhas Aereas Inteligentes S.A. by 67.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,000 shares of the transportation company’s stock valued at $1,403,000 after purchasing an additional 21,284 shares during the period. Bank of America Corp DE boosted its stake in Gol Linhas Aereas Inteligentes S.A. by 6.9% in the 1st quarter. Bank of America Corp DE now owns 13,973 shares of the transportation company’s stock valued at $370,000 after purchasing an additional 901 shares during the period. Goldman Sachs Group Inc. bought a new stake in Gol Linhas Aereas Inteligentes S.A. in the 1st quarter valued at $233,000. IFP Advisors Inc bought a new stake in Gol Linhas Aereas Inteligentes S.A. in the 2nd quarter valued at $227,000. Finally, Pinnacle Associates Ltd. boosted its stake in Gol Linhas Aereas Inteligentes S.A. 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 purchasing an additional 42,700 shares during the period. 0.06% of the stock is currently owned by institutional investors and hedge funds.

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Gol Linhas Aereas Inteligentes S.A. Company Profile

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.

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