Renault (OTCMKTS:RNSDF) Rating Lowered to “Underweight” at Morgan Stanley

Renault (OTCMKTS:RNSDF) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Tuesday, MarketBeat.com reports.

Renault Price Performance

Shares of OTCMKTS:RNSDF opened at $41.10 on Tuesday. The business has a 50-day moving average of $41.24 and a two-hundred day moving average of $39.53. Renault has a fifty-two week low of $36.16 and a fifty-two week high of $52.95.

About Renault

Renault SA is a France-based multinational automobile manufacturer with a history dating back to its founding in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, near Paris, the company designs, manufactures and sells a wide range of passenger cars and light commercial vehicles. Renault is also known for its electric vehicle (EV) offerings—such as the ZOE, Kangoo Z.E. and Twizy—as well as its internal combustion-engine models including the Clio, Captur, Mégane and Arkana.

In addition to its core vehicle manufacturing operations, Renault provides financing, leasing and insurance services through its wholly owned subsidiary RCI Banque et Services.