Gol Linhas Aereas Inteligentes S.A. (GOL) Rating Increased to Buy at Zacks Investment Research

Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $23.00 price target on the transportation company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.24% from the company’s current price.

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. The carrier 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. Moreover, GOL is highly dependent on the products of certain big suppliers. The decrease in the carrier's July load factor due to  capacity expansion exceeding traffic growth also raises concerns.”

A number of other research firms also recently weighed in on GOL. ValuEngine downgraded shares of Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Bank of America Corporation downgraded shares of Gol Linhas Aereas Inteligentes from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Finally, Citigroup Inc. downgraded shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “sell” rating in a research report on Thursday, May 18th. Four analysts have rated the stock with a hold rating and five 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 $21.83.

Gol Linhas Aereas Inteligentes (NYSE GOL) opened at 20.31 on Monday. The stock has a 50 day moving average price of $16.32 and a 200-day moving average price of $14.47. The firm’s market capitalization is $1.41 billion. Gol Linhas Aereas Inteligentes has a one year low of $5.77 and a one year high of $20.96.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new position in Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $233,000. Fox Run Management L.L.C. acquired a new position in Gol Linhas Aereas Inteligentes during the second quarter valued at approximately $194,000. Pinnacle Associates Ltd. acquired a new position in Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $331,000. Bank of America Corp DE raised its position in Gol Linhas Aereas Inteligentes by 6.9% during the first 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 in the last quarter. Finally, KCG Holdings Inc. acquired a new position in Gol Linhas Aereas Inteligentes during the first quarter valued at approximately $312,000. Institutional investors and hedge funds own 0.04% of the company’s stock.

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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