Gol Linhas Aereas Inteligentes SA (ADR) (GOL) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 5, 2016.
Gol Linhas Aereas Inteligentes SA (ADR) opened for trading at $16.6 and hit $18.11 on the upside on Thursday, eventually ending the session at $17.69, with a gain of 7.60% or 1.25 points. The heightened volatility saw the trading volume jump to 3,09,025 shares. Company has a market cap of $9,264 M.
Gol Linhas Aereas Inteligentes SA (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. The Company offers national and international concessions. Additionally it is involved in the provision of passenger air chartering services. Apart from Brazil the Company carries out its activities in Cayman Islands. As of September 30 2012 the Companys operational fleet totaled 147 aircrafts and its non-operating fleet consisted of three planes.