Gol Linhas Aereas Inteligentes S.A. (GOL) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) from a buy rating to a hold rating in a research note published 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 third quarter and full-year 2017 is impressive. The carrier has been undergoing a thorough restructuring process to revive itself. The carrier's efforts to reduce debt levels are also encouraging. 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. Moreover, GOL is highly dependent on the products of certain big suppliers.”

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Gol Linhas Aereas Inteligentes from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Citigroup Inc. raised shares of Gol Linhas Aereas Inteligentes from a sell rating to a neutral rating in a research report on Wednesday, July 5th. ValuEngine raised shares of Gol Linhas Aereas Inteligentes from a buy rating to a strong-buy rating in a research report on Monday, August 14th. Finally, Bank of America Corporation raised Gol Linhas Aereas Inteligentes from a neutral rating to a buy rating and set a $20.00 price target for the company in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Gol Linhas Aereas Inteligentes currently has an average rating of Buy and an average price target of $22.17.

Gol Linhas Aereas Inteligentes (NYSE GOL) traded down 0.41% during mid-day trading on Tuesday, hitting $24.26. 274,847 shares of the company traded hands. The stock has a market capitalization of $987.99 million, a price-to-earnings ratio of 2426.00 and a beta of 1.98. The company’s 50-day moving average is $20.43 and its 200-day moving average is $15.68. Gol Linhas Aereas Inteligentes has a one year low of $5.77 and a one year high of $24.90.

WARNING: This report was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/10/11/gol-linhas-aereas-inteligentes-s-a-gol-downgraded-to-hold-at-zacks-investment-research.html.

A number of hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its stake in Gol Linhas Aereas Inteligentes by 97.8% in the second quarter. Macquarie Group Ltd. now owns 1,123,422 shares of the transportation company’s stock valued at $12,762,000 after purchasing an additional 555,586 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Gol Linhas Aereas Inteligentes by 163.8% during the second quarter. Goldman Sachs Group Inc. now owns 23,184 shares of the transportation company’s stock worth $263,000 after acquiring an additional 14,396 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Gol Linhas Aereas Inteligentes by 269.9% during the second quarter. Dimensional Fund Advisors LP now owns 196,048 shares of the transportation company’s stock worth $2,227,000 after acquiring an additional 143,048 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in Gol Linhas Aereas Inteligentes by 89.3% during the second quarter. Virtu KCG Holdings LLC now owns 22,285 shares of the transportation company’s stock worth $253,000 after acquiring an additional 10,515 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Gol Linhas Aereas Inteligentes by 100.0% during the second quarter. Vanguard Group Inc. now owns 25,640 shares of the transportation company’s stock worth $291,000 after acquiring an additional 12,820 shares in the last quarter. 0.04% of the stock is owned by institutional investors and hedge funds.

About Gol Linhas Aereas Inteligentes

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.

Receive News & Ratings for Gol Linhas Aereas Inteligentes S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gol Linhas Aereas Inteligentes S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply