Renault (OTCMKTS:RNLSY) Cut to “Hold” at Berenberg Bank

Berenberg Bank cut shares of Renault (OTCMKTS:RNLSY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other research firms have also recently commented on RNLSY. HSBC reaffirmed a “buy” rating on shares of Renault in a report on Tuesday, January 13th. Zacks Research upgraded Renault from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. UBS Group cut Renault from a “hold” rating to a “sell” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group initiated coverage on Renault in a report on Sunday, November 23rd. They issued a “hold” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Renault has an average rating of “Hold”.

Renault Stock Performance

OTCMKTS RNLSY opened at $7.72 on Monday. Renault has a 52-week low of $7.15 and a 52-week high of $11.20. The company has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $8.03.

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.