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

Renault (OTCMKTS:RNLSY) has received an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

RNLSY has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on Renault in a research report on Sunday, November 23rd. They issued a “hold” rating on the stock. HSBC reissued a “buy” rating on shares of Renault in a research note on Tuesday. UBS Group cut Renault from a “hold” rating to a “sell” rating in a research note on Tuesday, December 2nd. Finally, Zacks Research raised Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th.

Renault Stock Performance

OTCMKTS RNLSY opened at $7.76 on Tuesday. The stock’s 50-day moving average price is $8.19 and its two-hundred day moving average price is $8.12. Renault has a 1 year low of $7.15 and a 1 year 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.