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

Renault (OTCMKTS:RNLSY) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

RNLSY has been the subject of a number of research reports. UBS Group downgraded shares of Renault from a “hold” rating to a “sell” rating in a research note on Tuesday, December 2nd. Morgan Stanley cut Renault to an “underweight” rating in a research report on Tuesday, February 3rd. HSBC reiterated a “buy” rating on shares of Renault in a report on Tuesday, January 13th. Berenberg Bank cut Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Zacks Research upgraded Renault from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th.

Renault Stock Up 4.0%

OTCMKTS:RNLSY opened at $6.78 on Friday. The company has a 50-day moving average price of $7.13 and a 200-day moving average price of $7.76. Renault has a 12 month low of $6.21 and a 12 month high of $11.20.

About Renault

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.