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

Shares of Renault (OTCMKTS:RNLSY) have been assigned an average rating of “Reduce” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research 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.

Separately, Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th.

Renault Stock Performance

Shares of OTCMKTS:RNLSY opened at $6.31 on Friday. Renault has a 12-month low of $6.04 and a 12-month high of $10.09. The company’s 50 day moving average price is $6.81 and its two-hundred day moving average price is $7.32.

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.