Renault (OTCMKTS:RNLSY) Receives Consensus Rating of “Reduce” from Analysts

Renault (OTCMKTS:RNLSY) has received an average rating of “Reduce” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company.

A number of brokerages have recently weighed in on RNLSY. Morgan Stanley lowered shares of Renault to an “underweight” rating in a report on Tuesday. HSBC restated a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. Berenberg Bank cut Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. The Goldman Sachs Group began coverage on Renault in a research report on Sunday, November 23rd. They set a “hold” rating on the stock. Finally, UBS Group downgraded Renault from a “hold” rating to a “sell” rating in a report on Tuesday, December 2nd.

Renault Stock Performance

RNLSY stock opened at $7.28 on Friday. The company’s 50 day moving average price is $8.00 and its 200 day moving average price is $7.92. Renault has a fifty-two week low of $7.09 and a fifty-two week high of $11.20.

About Renault

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.