Renault (OTCMKTS:RNLSY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Renault (OTCMKTS:RNLSY) have earned a consensus rating of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company.

Separately, Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th.

Renault Stock Performance

Shares of OTCMKTS:RNLSY opened at $6.31 on Friday. Renault has a 12-month low of $6.04 and a 12-month high of $10.09. The business has a 50 day moving average of $6.81 and a 200-day moving average of $7.32.

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.