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

Renault (OTCMKTS:RNLSY) has been given a consensus rating of “Reduce” by the seven ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company.

A number of analysts recently issued reports on the stock. Morgan Stanley lowered shares of Renault to an “underweight” rating in a research report on Tuesday, February 3rd. UBS Group cut Renault from a “hold” rating to a “sell” rating in a report on Tuesday, December 2nd. Berenberg Bank lowered Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. HSBC reissued a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group initiated coverage on shares of Renault in a research note on Sunday, November 23rd. They set a “hold” rating for the company.

Renault Trading Up 2.0%

Shares of OTCMKTS RNLSY opened at $7.74 on Friday. The company has a 50-day simple moving average of $7.93 and a 200-day simple moving average of $7.91. Renault has a 12 month low of $7.09 and a 12 month high of $11.20.

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.