Renault (RNLSY) – What Are Brokerages Saying About This Stock?

Shares of Renault (OTCMKTS:RNLSY) have been given a consensus recommendation of “Reduce” by the seven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages recently commented on RNLSY. Barclays cut shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. Zacks Research lowered shares of Renault from a “hold” rating to a “strong sell” rating in a research note on Monday.

Renault Trading Up 5.8%

OTCMKTS RNLSY opened at $6.39 on Thursday. The firm’s 50 day moving average is $6.18 and its 200-day moving average is $6.58. Renault has a 12-month low of $5.49 and a 12-month high of $8.79.

About Renault

Renault is a French automotive company that designs, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its principal brands include Renault, Dacia and Alpine, while the company also develops electric vehicles and software-enabled automotive technologies through its Ampere business.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has played a significant role in the development of France’s automobile industry. Renault has produced vehicles ranging from mass-market passenger cars and commercial vans to performance-oriented Alpine models.