Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) targets international destinations

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Dallas, Texas 07/03/2013 (Financialstrend) – Shares of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) closed at $3.09 on Tuesday, recording a gain of 5.79 percent. The share price ranged between $3.31 and $3.02 during the day, with a 52-week high of $7.67 and a 52-week low of $3.01 per share.

Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) is engaged in the passenger air transportation sector. The Brazil-based holding company includes Gol Finance, GAC Inc and VRG Linhas Aereas as the company’s subsidiaries.  Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) is involved in the mail bags freight air transportation and in scheduled and non-scheduled passenger air transportation services. The company provides international and national concessions and is also engaged in the provision of passenger air chartering services. It also operates in Cayman Islands, apart from Brazil. There are three planes of non-operating fleet and 147 aircrafts of operational fleet as of September 2012.

Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has a very strong presence in home markets and is also expanding to international destinations. The stock price is currently characterized by low valuations. Gol flights flies to the United States, Latin America and the Caribbean. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) recorded very high trading volume of 2.69 million shares on Tuesday, with an average trading volume of 2.54 million shares per day. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) currently has 278.86 million shares outstanding in the market with a market cap of $861.68 million and an institutional ownership of 15 percent of the total share capital.

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