Notable Mover: Could Gol Linhas Aereas Inteligentes SA (ADR) See a Reversal After Breaking Its 52-Week High?

Notable Mover: Could Gol Linhas Aereas Inteligentes SA (ADR) See a Reversal After Breaking Its 52 Week High?

The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) hit a new 52-week high and has $50.89 target or 113.00% above today’s $23.89 share price. The 6 months bullish chart indicates low risk for the $496.22 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $50.89 price target is reached, the company will be worth $560.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 396,252 shares traded hands or 158.99% up from the average. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has risen 227.12% since March 16, 2016 and is uptrending. It has outperformed by 221.58% the S&P500.

Analysts await Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) to report earnings on November, 10. They expect $-1.60 earnings per share, up 92.49% or $19.70 from last year’s $-21.3 per share. After $0.10 actual earnings per share reported by Gol Linhas Aereas Inteligentes SA (ADR) for the previous quarter, Wall Street now forecasts -1,700.00% negative EPS growth.

Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) Ratings Coverage

Out of 9 analysts covering Gol Linhas Aereas Inteligentes Sa (NYSE:GOL), 1 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 11% are positive. Gol Linhas Aereas Inteligentes Sa has been the topic of 13 analyst reports since August 19, 2015 according to StockzIntelligence Inc. JP Morgan upgraded Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) on Monday, March 28 to “Neutral” rating. Goldman Sachs upgraded it to “Neutral” rating and $1.25 target price in Tuesday, February 2 report. Bank of America upgraded the shares of GOL in a report on Friday, August 5 to “Neutral” rating. The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) earned “Underweight” rating by JP Morgan on Wednesday, September 9. As per Wednesday, July 20, the company rating was upgraded by Deutsche Bank. The firm earned “Underperform” rating on Thursday, December 10 by Credit Suisse. The rating was initiated by HSBC on Monday, November 23 with “Reduce”. The stock has “Hold” rating given by Zacks on Tuesday, August 25. The firm has “Neutral” rating by Credit Suisse given on Friday, August 26. The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) earned “Hold” rating by Deutsche Bank on Tuesday, January 5.

According to Zacks Investment Research, “GOL Linhas Aereas Inteligentes is a low-cost, low-fare airline.”

More recent Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) news were published by: Marketwatch.com which released: “GOL Linhas Aereas Inteligentes SA ADR” on May 18, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Benzinga.com‘s news article titled: “JPMorgan On LatAm Airlines: Gol Linhas Shares Upgraded” with publication date: March 28, 2016 was also an interesting one.

GOL Company Profile

Gol Linhas Aereas Inteligentes S.A., incorporated on March 12, 2004, is a holding company. The Firm is a low-cost carrier, which provides service on routes connecting all of Brazil’s cities in South America and selected tourist destinations in the Caribbean. The Firm operates through two divisions: flight transportation and Smiles loyalty program. The Company’s flight transportation segment provides air transportation services. The Company’s Smiles loyalty program segment includes the activities represented by miles sales transactions to airline and non- airline partners. The Firm has an operating fleet of approximately 7.7 years Boeing 737-700/800s, or Boeing 737 aircraft and its flight routes offer various number of daily departures among airlines in Latin America. It also offers its air cargo services, Gollog. The Firm offers approximately 860 daily flights to over 60 destinations connecting various cities in Brazil, as well as destinations in Argentina, Bolivia, Chile, Paraguay, Uruguay and the Caribbean.

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