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

Shares of Renault (OTCMKTS:RNLSY) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Renault from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Berenberg Bank downgraded shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Morgan Stanley lowered shares of Renault to an “underweight” rating in a research note on Tuesday, February 3rd. HSBC reissued a “buy” rating on shares of Renault in a report on Tuesday, January 13th. Finally, UBS Group cut Renault from a “hold” rating to a “sell” rating in a research report on Tuesday, December 2nd.

Renault Stock Down 0.8%

OTCMKTS RNLSY opened at $6.57 on Wednesday. Renault has a 52 week low of $6.50 and a 52 week high of $11.20. The firm’s 50-day simple moving average is $7.60 and its two-hundred day simple moving average is $7.91.

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.