Renault (OTCMKTS:RNLSY) Receives Average Rating of “Reduce” from Analysts

Renault (OTCMKTS:RNLSY) has received a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.

Separately, Zacks Research downgraded Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th.

Renault Stock Performance

Shares of OTCMKTS:RNLSY remained flat at $5.97 on Tuesday. 110,148 shares of the company’s stock were exchanged, compared to its average volume of 142,681. The business has a fifty day simple moving average of $6.42 and a 200-day simple moving average of $7.05. Renault has a 52 week low of $5.60 and a 52 week 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.