Renault (OTCMKTS:RNLSY) Given Consensus Rating of “Hold” by Brokerages

Renault (OTCMKTS:RNLSY) has earned an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

RNLSY has been the subject of a number of analyst reports. Berenberg Bank downgraded shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Morgan Stanley downgraded Renault to an “underweight” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group started coverage on Renault in a research report on Sunday, November 23rd. They issued a “hold” rating for the company. HSBC reissued a “buy” rating on shares of Renault in a research note on Tuesday, January 13th. Finally, Zacks Research upgraded Renault from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th.

Renault Stock Performance

Shares of OTCMKTS RNLSY opened at $6.57 on Wednesday. The company’s 50 day moving average price is $7.60 and its 200-day moving average price is $7.90. Renault has a 52-week low of $6.50 and a 52-week high of $11.20.

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.