Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares reached a new 52-week low during mid-day trading on Monday. Analyst Ratings News reports. The company traded as low as $3.61 and last traded at $3.63, with a volume of 1,776,633 shares traded. The stock had previously closed at $3.81.
GOL has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of Gol Linhas Aereas Inteligentes SA from a “neutral” rating to a “sell” rating and set a $4.20 price target on the stock in a research note on Tuesday, January 20th. Analysts at Credit Suisse upgraded shares of Gol Linhas Aereas Inteligentes SA from a “neutral” rating to an “outperform” rating in a research note on Friday, December 19th. Analysts at Bank of America upgraded shares of Gol Linhas Aereas Inteligentes SA from a “neutral” rating to a “buy” rating in a research note on Thursday, December 18th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Gol Linhas Aereas Inteligentes SA from a “neutral” rating to an “overweight” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Gol Linhas Aereas Inteligentes SA has an average rating of “Buy” and a consensus price target of $6.48.
The stock has a 50-day moving average of $4.63 and a 200-day moving average of $5.24. The company’s market cap is $1.026 billion.
Gol Linhas Aereas Inteligentes SA (NYSE:GOL ) is a Brazil-based holding company primarily engaged in the passenger air transportation sector. Through its subsidiaries, such as VRG Linhas Aereas SA, GAC Inc and Gol Finance, the Company is involved in the provision of scheduled and non-scheduled passenger air transportation services, as well as cargo and mail bags freight air transportation.
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GOL Linhas Aéreas Inteligentes is a Brazilian low cost airline based in São Paulo, Brazil. It owns the brand Varig although the name Varig refers to the informally known "new" Varig, founded in 2006 and not to the "old" Varig, founded in 1927.
According to the National Civil Aviation Agency of Brazil (ANAC) between January and December 2012 Gol/Varig had 32.91% of the domestic and 10.32% of the international market shares in terms of passengers per kilometre flown.
Gol operates a growing domestic and international scheduled network.
Its main hubs are São Paulo's Congonhas International Airport, Rio de Janeiro's Galeão International Airport and Brasilia International Airport - Presidente Juscelino Kubitschek. Gol also has focus operations at Rio de Janeiro's Santos Dumont Airport, São Paulo's Guarulhos International Airport and Porto Alegre's Salgado Filho International Airport.
In just twelve years from its foundation in 2000 Gol has increased its fleet from 6 to 120 aircraft, establishing itself as one of the fastest growing low-cost, low-fare airlines in the world. The company currently offers almost 900 flights a day to 62 destinations, domestic and international, in 13 countries.
Gol refers to itself as Gol Intelligent Airlines (Gol Linhas aéreas inteligentes in Portuguese) as a slogan. "Gol", in Portuguese and Spanish, translates into "goal" in English.
The airline was established in 2000 and started operations on January 15, 2001. It is a subsidiary of the Brazilian conglomerate Grupo Áurea, which has other transport interests including Brazil's largest long-distance bus company. Grupo Áurea in turn is owned by the Constantino family. As of 2004, Gol had carried 11,600,000 passengers, and constituted 20% of the Brazilian air travel market.
On June 24, 2004 Gol launched simultaneous initial public offerings on the New York and São Paulo stock exchanges. It is now owned by AéroPar Participações (77%), Venture (17.6%) and American International Group (5.4%) and employs 5,456 staff (at March 2007). The growth in Gol's stock price made the Constantino family a member of the Forbes Magazine billionaire list in 2005.
On March 28, 2007 Gol officially purchased the bankrupt remains of VARIG - VRG. Gol announced that VARIG will continue doing business and operating as VARIG rather than its current VRG name. In 2009 Gol was merged into VRG Linhas Aéreas. VRG Linhas Aéreas thus became an airline that operates two brands: Gol and Varig, although in reality flights are operated only under Gol flight numbers. The brand Varig operates to medium-haul scheduled and charter international destinations within South America and to the Caribbean with Boeing 737-700's configured in two classes, and to long-haul charter international destinations in North America, Europe and Africa with Boeing 767-300ER's configured in economy only. The brand Gol operates most of the flights of the network, and has aircraft configured in all-economy class, used for scheduled domestic and international operations within South America.
On October 1, 2012, Gol confirmed a firm order of 60 Boeing 737 MAXs.
The fleet of VRG Linhas Aéreas, which combines the brands Gol and Varig, consists of the following aircraft (as of December 2012):
Simplified on-board service is part of Gol’s strategy. The airline offers an on-board sales service. Passengers can purchase sandwiches, drinks, chocolates, and more.
Gol Comfort Class (only available for international flights) means traveling with several benefits:
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