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

Renault (OTCMKTS:RNLSY) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

A number of brokerages recently commented on RNLSY. Morgan Stanley downgraded shares of Renault to an “underweight” rating in a research note on Tuesday, February 3rd. Berenberg Bank downgraded Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. HSBC reiterated a “buy” rating on shares of Renault in a report on Tuesday, January 13th. UBS Group lowered Renault from a “hold” rating to a “sell” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research raised Renault from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th.

Renault Trading Down 2.7%

Shares of Renault stock opened at $6.88 on Wednesday. Renault has a 52-week low of $6.66 and a 52-week high of $11.20. The company has a 50 day moving average of $7.71 and a 200 day moving average of $7.93.

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.