Renault (OTCMKTS:RNLSY) Upgraded at Zacks Research

Zacks Research upgraded shares of Renault (OTCMKTS:RNLSY) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. Morgan Stanley lowered shares of Renault to an “underweight” rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group began coverage on Renault in a research report on Sunday, November 23rd. They issued a “hold” rating for the company. Berenberg Bank lowered Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. HSBC reissued a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. Finally, UBS Group cut Renault from a “hold” rating to a “sell” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Renault Stock Performance

OTCMKTS:RNLSY opened at $7.77 on Wednesday. Renault has a 12-month low of $7.09 and a 12-month high of $11.20. The company’s 50-day moving average is $7.76 and its two-hundred day moving average is $7.93.

Renault Company Profile

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.