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

Shares of Renault (OTCMKTS:RNLSY) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

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

Renault Trading Down 0.8%

OTCMKTS:RNLSY opened at $6.46 on Friday. Renault has a fifty-two week low of $6.21 and a fifty-two week high of $11.20. The stock has a fifty day moving average price of $7.16 and a 200-day moving average price of $7.78.

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.