Gol Linhas Aéreas Inteligentes (NYSE:GOL) Earns Underperform Rating from Analysts at Bank of America

Bank of America initiated coverage on shares of Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) in a report released on Wednesday morning, The Fly reports. The firm issued an underperform rating on the transportation company’s stock.

Gol Linhas Aéreas Inteligentes Stock Performance

NYSE:GOL opened at $2.70 on Wednesday. The firm has a market cap of $565.19 million, a price-to-earnings ratio of -2.18 and a beta of 1.11. Gol Linhas Aéreas Inteligentes has a 52 week low of $2.00 and a 52 week high of $7.94. The firm has a 50-day moving average price of $2.73 and a two-hundred day moving average price of $3.14.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GOL. Quantbot Technologies LP raised its position in shares of Gol Linhas Aéreas Inteligentes by 442.3% during the 3rd quarter. Quantbot Technologies LP now owns 7,700 shares of the transportation company’s stock valued at $25,000 after buying an additional 6,280 shares in the last quarter. Cerity Partners LLC purchased a new position in Gol Linhas Aéreas Inteligentes in the 2nd quarter worth $40,000. Quadrant Capital Group LLC raised its position in Gol Linhas Aéreas Inteligentes by 535.2% in the 4th quarter. Quadrant Capital Group LLC now owns 11,929 shares of the transportation company’s stock worth $32,000 after purchasing an additional 10,051 shares during the period. American Century Companies Inc. purchased a new position in Gol Linhas Aéreas Inteligentes in the 1st quarter worth $87,000. Finally, Creative Planning purchased a new position in Gol Linhas Aéreas Inteligentes in the 4th quarter worth $33,000. 0.81% of the stock is owned by institutional investors.

About Gol Linhas Aéreas Inteligentes

(Get Rating)

GOL Linhas Aereas Inteligentes SA engages in the provision of air transportation for passengers and cargo. It operates its business through the Air Transportation and Loyalty Program segments. The Air Transportation segment includes services for regular and non-scheduled national and international passengers, cargo, and mail bags.