Renault (OTCMKTS:RNLSY) Receives Average Recommendation of “Reduce” from Brokerages

Renault (OTCMKTS:RNLSY) has been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.

RNLSY has been the subject of several recent analyst reports. Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Morgan Stanley cut Renault to an “underweight” rating in a research note on Tuesday, February 3rd.

Renault Stock Performance

Shares of RNLSY opened at $6.44 on Monday. The stock has a fifty day moving average price of $6.83 and a 200 day moving average price of $7.48. Renault has a 12 month low of $6.21 and a 12 month high of $10.77.

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.