Renault (OTCMKTS:RNLSY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Renault (OTCMKTS:RNLSY) have been given a consensus recommendation of “Reduce” by the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

RNLSY has been the subject of several recent analyst reports. Morgan Stanley cut Renault to an “underweight” rating in a research note on Tuesday, February 3rd. Berenberg Bank cut Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th.

Renault Price Performance

Shares of RNLSY stock opened at $6.54 on Monday. The firm’s 50-day moving average is $6.84 and its two-hundred day moving average is $7.52. Renault has a 12 month low of $6.21 and a 12 month high of $11.20.

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.