Renault (OTCMKTS:RNLSY) Given Consensus Rating of “Reduce” by Analysts

Shares of Renault (OTCMKTS:RNLSY) have been assigned a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company.

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

Renault Trading Up 1.0%

RNLSY opened at $6.84 on Wednesday. Renault has a 12 month low of $5.60 and a 12 month high of $8.79. The stock has a 50-day moving average of $6.39 and a 200 day moving average of $6.54.

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.