Gol Linhas Aereas Inteligentes SA (NYSE:GOL)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $21.88 and last traded at $21.42, with a volume of 221,842 shares traded. The stock had previously closed at $19.93.

A number of research firms have commented on GOL. Deutsche Bank AG cut shares of Gol Linhas Aereas Inteligentes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Zacks Investment Research cut shares of 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. raised shares of Gol Linhas Aereas Inteligentes SA from an “underperform” rating to a “neutral” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $3.45.

The company’s market capitalization is $735.73 million. The company’s 50-day moving average price is $15.18 and its 200-day moving average price is $9.19.

A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley raised its stake in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

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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