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

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

Several research firms have commented on RNLSY. HSBC reaffirmed a “buy” rating on shares of Renault in a research report on Tuesday, January 13th. The Goldman Sachs Group assumed coverage on shares of Renault in a report on Sunday, November 23rd. They issued a “hold” rating on the stock. Morgan Stanley cut shares of Renault to an “underweight” rating in a research note on Tuesday. UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a research report on Tuesday, December 2nd. Finally, Berenberg Bank cut shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th.

Renault Trading Down 2.3%

RNLSY opened at $7.28 on Friday. Renault has a one year low of $7.09 and a one year high of $11.20. The business’s 50-day simple moving average is $8.00 and its 200-day simple moving average is $7.92.

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.