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Gol Linhas Aereas Inteligentes SA (NYSE:GOL) shares hit a new 52-week high during mid-day trading on Thursday , AnalystRatings.NET reports. The company traded as high as $7.04 and last traded at $6.88, with a volume of 1,431,923 shares changing hands. The stock had previously closed at $6.70.

A number of research firms have recently commented on GOL. Analysts at Morgan Stanley upgraded shares of Gol Linhas Aereas Inteligentes SA from an “equal weight” rating to an “overweight” rating in a research note on Thursday. They now have a $8.20 price target on the stock, up previously from $7.00. Separately, analysts at Raymond James downgraded shares of Gol Linhas Aereas Inteligentes SA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 29th. Finally, analysts at Bank of America upgraded shares of Gol Linhas Aereas Inteligentes SA from a “neutral” rating to a “buy” rating in a research note on Monday, July 21st. They now have a $8.00 price target on the stock.

The stock has a 50-day moving average of $6.13 and a 200-day moving average of $5.65. The company’s market cap is $1.920 billion.

Gol Linhas Aereas Inteligentes SA (NYSE:GOL) last posted its quarterly earnings results on Friday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.24. Analysts expect that Gol Linhas Aereas Inteligentes SA will post $-0.16 EPS for the current fiscal year.

Gol Linhas Aereas Inteligentes SA (NYSE:GOL) is a low-cost, low-fare airline in the world providing service on routes connecting all of Brazil’s cities and from Brazil to cities in South America and select touristic destinations in the Caribbean.

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