Renault (OTCMKTS:RNLSY) Stock Moved Up to Strong-Buy by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Renault (OTCMKTS:RNLSY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks reports.

Other equities research analysts also recently issued reports about the stock. Barclays downgraded shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Zacks Research cut shares of Renault from a “hold” rating to a “strong sell” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Renault currently has a consensus rating of “Hold”.

Renault Trading Down 0.9%

Shares of RNLSY opened at $6.48 on Monday. The stock has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $6.55. Renault has a 1 year low of $5.49 and a 1 year high of $8.79.

Renault Company Profile

Renault Group is a French automotive company that designs, manufactures and sells passenger cars and light commercial vehicles. Its brands include Renault, Dacia and Alpine, and the group also provides mobility and automotive financing services. Founded in 1899 by Louis Renault and his brothers Marcel and Fernand, the company grew from a French vehicle manufacturer into an international automotive group. It serves customers in Europe and other markets worldwide and has worked with Nissan and Mitsubishi through the Renault-Nissan-Mitsubishi alliance.