Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.56 and last traded at $18.42, with a volume of 93,494 shares trading hands. The stock had previously closed at $18.00.

A number of research firms have issued reports on GOL. Zacks Investment Research cut Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Bank of America Corp. raised Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG raised Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Gol Linhas Aereas Inteligentes SA presently has an average rating of “Hold” and a consensus target price of $3.45.

The firm has a 50 day moving average price of $13.83 and a 200 day moving average price of $8.60. The firm’s market capitalization is $632.36 million.

A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley boosted its stake in shares of Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,998,873 shares of the company’s stock after buying an additional 1,817,633 shares during the period. Morgan Stanley owned approximately 0.58% of Gol Linhas Aereas Inteligentes SA worth $1,145,000 as of its most recent filing with the SEC.

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.

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