Renault (OTCMKTS:RNLSY) Given Average Recommendation of “Reduce” by Brokerages

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

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

Renault Stock Performance

OTCMKTS:RNLSY remained flat at $5.97 during trading hours on Tuesday. 110,148 shares of the company were exchanged, compared to its average volume of 142,681. Renault has a 12-month low of $5.60 and a 12-month high of $9.76. The business has a 50 day moving average of $6.42 and a 200-day moving average of $7.05.

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.