Gol Linhas Aereas Inteligentes SA (ADR) (GOL) Reaches $11.94 After 6.00% Down Move; Legg Mason BW Global Income Opportunities Fund (BWG) Sentiment Is 1

June 8, 2017 - By Dolores Ford

Legg Mason BW Global Income Opportunities Fund Inc. is a non-diversified, closed-end management investment company. The company has market cap of $280.22 million. The primary investment objective of the Fund is to provide current income. It has a 10.6 P/E ratio. As a secondary investment objective, the Fund will seek capital appreciation.

The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) is a huge mover today! About 160,063 shares traded. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has risen 224.93% since June 8, 2016 and is uptrending. It has outperformed by 208.23% the S&P500.The move comes after 9 months negative chart setup for the $513.09 million company. It was reported on Jun, 8 by Barchart.com. We have $11.22 PT which if reached, will make NYSE:GOL worth $30.79 million less.

About 41,753 shares traded. Legg Mason BW Global Income Opptys Fund (BWG) has risen 6.52% since June 8, 2016 and is uptrending. It has underperformed by 10.18% the S&P500.

Saba Capital Management L.P. holds 1.65% of its portfolio in Legg Mason BW Global Income Opptys Fund for 1.37 million shares. Rivernorth Capital Management Llc owns 2.03 million shares or 1.56% of their US portfolio. Moreover, Financial & Investment Management Group Ltd has 1.27% invested in the company for 278,545 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.5% in the stock. 1607 Capital Partners Llc, a Virginia-based fund reported 522,124 shares.

Among 10 analysts covering Gol Linhas Aereas Inteligentes Sa (NYSE:GOL), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Gol Linhas Aereas Inteligentes Sa had 17 analyst reports since August 19, 2015 according to SRatingsIntel. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, February 2 report. The rating was upgraded by Bank of America to “Neutral” on Friday, August 5. On Tuesday, January 5 the stock rating was downgraded by Deutsche Bank to “Hold”. HSBC initiated the stock with “Reduce” rating in Monday, November 23 report. The rating was downgraded by JP Morgan on Wednesday, September 9 to “Underweight”. The rating was upgraded by Deutsche Bank on Thursday, February 2 to “Buy”. The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has “Buy” rating given on Monday, January 30 by Bank of America. The company was upgraded on Monday, November 7 by Citigroup. The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) earned “Sell” rating by UBS on Tuesday, September 22. The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has “Hold” rating given on Wednesday, July 20 by Deutsche Bank.

Gol Linhas Aereas Inteligentes S.A. is an airline company. The company has market cap of $513.09 million. The Firm is engaged in providing mobile geolocation services to its passengers and designing a Website featuring accessibility resources to assist people with visual and motor impairments. It currently has negative earnings. The Firm operates through two divisions: Air transportation and Loyalty program.