Renault (OTCMKTS:RNLSY) Given Consensus Recommendation of “Reduce” by Analysts

Renault (OTCMKTS:RNLSY) has been assigned a consensus rating of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat reports. Two 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 cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th.

Renault Price Performance

RNLSY opened at $6.34 on Friday. The company’s 50 day simple moving average is $6.78 and its 200 day simple moving average is $7.29. Renault has a 1 year low of $6.04 and a 1 year high of $9.76.

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.