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

Renault (OTCMKTS:RNLSY) has earned a consensus rating of “Reduce” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

Separately, Barclays lowered Renault from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st.

Renault Price Performance

Shares of OTCMKTS RNLSY opened at $6.28 on Friday. Renault has a 1 year low of $5.60 and a 1 year high of $8.79. The firm has a fifty day moving average price of $6.18 and a 200-day moving average price of $6.63.

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.