Renault (OTCMKTS:RNLSY) Given Consensus Rating of “Hold” by Brokerages

Shares of Renault (OTCMKTS:RNLSY) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

Several equities research analysts have recently issued reports on RNLSY shares. Morgan Stanley cut shares of Renault to an “underweight” rating in a research report on Tuesday, February 3rd. HSBC reissued a “buy” rating on shares of Renault in a report on Tuesday, January 13th. Berenberg Bank downgraded Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Finally, Zacks Research raised Renault from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th.

Renault Trading Down 0.6%

Shares of Renault stock opened at $6.92 on Friday. Renault has a 52-week low of $6.21 and a 52-week high of $11.20. The company has a 50 day moving average of $7.10 and a 200 day moving average of $7.74.

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.