Morgan Stanley downgraded shares of Renault (OTCMKTS:RNSDF – Free Report) from an equal weight rating to an underweight rating in a research report released on Tuesday, Marketbeat.com reports.
Renault Price Performance
Shares of RNSDF stock opened at $41.10 on Tuesday. The company has a 50-day moving average of $41.22 and a two-hundred day moving average of $39.52. Renault has a 1-year low of $36.16 and a 1-year high of $52.95.
Renault Company Profile
Renault SA is a France-based multinational automobile manufacturer with a history dating back to its founding in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, near Paris, the company designs, manufactures and sells a wide range of passenger cars and light commercial vehicles. Renault is also known for its electric vehicle (EV) offerings—such as the ZOE, Kangoo Z.E. and Twizy—as well as its internal combustion-engine models including the Clio, Captur, Mégane and Arkana.
In addition to its core vehicle manufacturing operations, Renault provides financing, leasing and insurance services through its wholly owned subsidiary RCI Banque et Services.
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