Renault (OTCMKTS:RNLSY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Renault (OTCMKTS:RNLSY) have been assigned an average rating of “Reduce” from the seven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday.

Renault Stock Performance

Shares of RNLSY stock opened at $6.65 on Friday. The company’s fifty day simple moving average is $6.18 and its two-hundred day simple moving average is $6.65. Renault has a 52 week low of $5.60 and a 52 week high of $8.79.

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.