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Alcoa (NYSE:AA) hit a new 52-week high on Thursday , AR Network reports. The stock traded as high as $14.13 and last traded at $14.02, with a volume of 8,003,444 shares traded. The stock had previously closed at $13.82.

A number of research firms have recently commented on AA. Analysts at Bank of America upgraded shares of Alcoa from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $14.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Separately, analysts at Northcoast Research initiated coverage on shares of Alcoa in a research note on Friday, May 9th. They set a “buy” rating and a $17.00 price target on the stock. Finally, analysts at RBC Capital upgraded shares of Alcoa from an “underperform” rating to a “sector perform” rating in a research note on Thursday, April 17th. They now have a $15.00 price target on the stock, up previously from $12.00. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Alcoa has a consensus rating of “Hold” and a consensus target price of $13.43.

The stock’s 50-day moving average is $13.48 and its 200-day moving average is $11.72. The company’s market cap is $16.412 billion. Alcoa also saw unusually large options trading activity on Wednesday. Stock investors purchased 13,112 call options on the company. This represents an increase of approximately 146% compared to the average daily volume of 5,327 call options.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Tuesday, April 8th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the company posted $0.11 earnings per share. Alcoa’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Alcoa will post $0.46 earnings per share for the current fiscal year.

Alcoa Inc (NYSE:AA) is engaged in lightweight metals, products and solutions.

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