Renault (OTCMKTS:RNLSY) Cut to “Hold” at Zacks Research

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

RNLSY has been the subject of several other reports. Berenberg Bank lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley lowered shares of Renault to an “underweight” rating in a research note on Tuesday, February 3rd. Finally, HSBC reissued a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Renault has an average rating of “Reduce”.

Renault Stock Up 0.1%

OTCMKTS RNLSY opened at $7.31 on Monday. Renault has a one year low of $6.21 and a one year high of $11.20. The company has a 50-day simple moving average of $7.04 and a 200-day simple moving average of $7.65.

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.