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

Shares of Renault (OTCMKTS:RNLSY) have received a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company.

Separately, Barclays downgraded shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st.

Renault Stock Performance

Shares of OTCMKTS:RNLSY opened at $6.28 on Wednesday. The business’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $6.52. Renault has a one year low of $5.60 and a one year high of $8.79.

Renault Company Profile

Renault is a France-based automotive company that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its vehicle portfolio includes small cars, sedans, sport utility vehicles, vans and electric vehicles marketed primarily under the Renault brand.

The company also operates the Dacia brand, known for value-oriented vehicles, and Alpine, which focuses on performance-oriented sports cars. Through Mobilize, Renault Group develops mobility, energy and vehicle-financing services, including financial solutions for customers and dealers.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has grown into an international automaker with operations and sales across Europe and other markets, including regions in Latin America, Asia and Africa.