Zacks Investment Research Downgrades Renault (OTCMKTS:RNLSY) to Sell

Renault (OTCMKTS:RNLSYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Renault SA designs, manufactures, markets and repairs vehicles. It primarily offers passenger cars and light commercial vehicles; electric vehicles; sports vehicles and power train components. The company’s brand name consists of Renault, Dacia and Renault Samsung Motors. Renault SA is headquartered in Boulogne-Billancourt, France. “

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus upgraded shares of Renault from a “hold” rating to a “buy” rating in a report on Monday, February 14th. UBS Group cut their price target on shares of Renault from €49.00 ($52.69) to €40.00 ($43.01) and set a “buy” rating on the stock in a report on Tuesday. Barclays cut their price target on shares of Renault from €33.00 ($35.48) to €25.00 ($26.88) in a report on Thursday, April 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Renault from €40.00 ($43.01) to €35.00 ($37.63) in a research note on Thursday, March 31st. Finally, Credit Suisse Group dropped their target price on shares of Renault from €37.00 ($39.78) to €24.00 ($25.81) and set a “neutral” rating on the stock in a research note on Monday, March 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Renault currently has a consensus rating of “Hold” and a consensus target price of $34.78.

Shares of OTCMKTS:RNLSY opened at $4.94 on Friday. Renault has a 12 month low of $4.55 and a 12 month high of $8.91. The firm’s 50-day moving average is $5.60 and its 200 day moving average is $6.69.

Renault Company Profile (Get Rating)

Renault SA designs, manufactures, sells, and distributes vehicles in France and internationally. The company operates through Automotive, AVTOVAZ, Sales Financing, and Mobility Services segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, LADA, Jinbei & Huaasong, and Eveasy, as well as under the Nissan, Datsun, and Infiniti brands.

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Analyst Recommendations for Renault (OTCMKTS:RNLSY)

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