Gol Linhas Aereas Inteligentes SA (NYSE:GOL)’s share price reached a new 52-week high 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 equities analysts recently weighed in on GOL shares. Deutsche Bank AG lowered Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Zacks Investment Research lowered Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Bank of America Corp. upgraded Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.45.

The firm has a 50 day moving average price of $14.36 and a 200-day moving average price of $8.79. The stock’s market capitalization is $663.82 million.

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

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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