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

Renault (OTCMKTS:RNLSY) has received a consensus rating of “Reduce” from the six brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.

A number of research firms have weighed in on RNLSY. Morgan Stanley downgraded Renault to an “underweight” rating in a research report on Tuesday, February 3rd. Zacks Research downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th.

Renault Stock Performance

RNLSY opened at $6.44 on Monday. Renault has a 1-year low of $6.21 and a 1-year high of $10.77. The business has a 50 day moving average price of $6.83 and a two-hundred day moving average price of $7.48.

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.